Problems and Perils of a Petrolocracy
Abu Dhabi, richest of the United Arab Emirates, demonstrates the Single-Tax Limited in practice. Virtually all its public revenue comes from land rent generated by a natural resource, oil. But the income gap between citizens is potentially explosive and little is being done to conserve the benfits of oil wealth for the future.
Author Robert V. Andelson
Pamphlet 14 pp. 2000 (orig.)