Editing Three Principles of the People (section)

===''Mínshēng'' or Welfare Rights===
{{main article|Socialist ideology of the Kuomintang}}
The Principle of Mínshēng ({{Lang-zh|t=民生主義|p=Mínshēng Zhǔyì|l=Principle of people's welfare/livelihood}}) is sometimes translated as "[Principle of] Government for the People" or "[[Socialist ideology of the Kuomintang|Socialism]]". The concept may be understood as [[social welfare]] and as a direct criticism of the inadequacies of unregulated [[capitalism]]. He divided livelihood into four areas: clothing, food, housing, and mobility; and planned out how an ideal (Chinese) government can take care of these for its people.

==== Equalization of Land Rights ====
{{See also|Georgism|Land reform in Taiwan}}

Sun was influenced by the American thinker [[Henry George]] and intended to introduce a [[Georgist]] tax reform.<ref>{{cite book|last=Trescott|first=Paul B.|title=Jingji Xue: The History of the Introduction of Western Economic Ideas Into China, 1850–1950|year=2007|publisher=Chinese University Press|pages=46–48|url=https://books.google.com/books?id=RkJtJm9L7mQC&pg=PA48 |quote=The teachings of your single-taxer, Henry George, will be the basis of our program of reform.|isbn=9789629962425}}</ref><ref>{{Cite journal |last=Schiffrin |first=Harold |date=1957 |title=Sun Yat-sen's Early Land Policy: The Origin and Meaning of "Equalization of Land Rights" |journal=The Journal of Asian Studies |volume=16 |issue=4 |pages=549–564 |doi=10.2307/2941638 |jstor=2941638 |s2cid=164082381 |issn=0021-9118 |doi-access=free }}</ref> The [[land value tax]] in Taiwan is a legacy thereof. Sun said that "[land value tax] as the only means of supporting the government is an infinitely just, reasonable, and equitably distributed tax, and on it we will found our new system."<ref>Post, Louis Freeland (12 April 1912). "Sun Yat Sen's Economic Program for China". The Public. 15: 349. Retrieved 8 November 2016.</ref>

Sun proposed a land reform system known as "equalization of land rights", which involves the implementation of four different acts: regulation of land price, in which each landowner reports the value of their property sans improvement; taxation of land, which involves a [[land value tax]] set on all land properties; purchase of land, which sets up a system where government can purchase land for public use by [[eminent domain]]; and profit belongs to the public, in which a 100% tax is levied on all profit gained from trading of land (sans improvement). According to Sun, the existence of land purchase and land taxation guarantees that landowner wouldn't over-report (which would lead to high taxation on land) nor under-report (which would lead to their land being cheaply acquired for eminent domain) their land values.<ref>{{Cite wikisource|title=三民主义|wslanguage=zh|chapter=民生主義第二講}}</ref>

However, the [[Kuomintang]] failed to achieve any successful land reform Sun envisioned in mainland China and only succeeded in [[Land reform in Taiwan|Taiwan]].

==== Impact ====
Sun died before he was able to fully explain his vision of this Principle and it has been the subject of much debate within both the Chinese Nationalist and Communist Parties, with the latter suggesting that Sun supported [[socialism]]. [[Chiang Kai-shek]] further elaborated the Mínshēng principle of both the importance of social well-being and recreational activities for a modernized China in 1953 in Taiwan.<ref name="naer">{{cite web|url=http://terms.naer.edu.tw/detail/1304097/?index=1|title=〔民生主義育樂兩篇補述〕|publisher=terms.naer.edu.tw|access-date=24 December 2015|archive-date=24 December 2015|archive-url=https://web.archive.org/web/20151224163934/http://terms.naer.edu.tw/detail/1304097/?index=1|url-status=live}}</ref>