Treasury unearths a beautiful tax

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Treasury today released its submission to the federal Tax White Paper. It has found a tax that actually confers a benefit on Australian citizens. That is, using it actually leaves us better off. It isn’t a new tax. It is land tax. Unbiased economists have always known a broad based nil exemption land tax has […]

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Carnegie’s endowment

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Prominent Australian investor Mark Carnegie has called for tax reform to end the policy and financial straight jacket we find ourselves in – pointing to land tax, a resources tax and a lift in the GST to 15 per cent. He labelled the Abbott Government’s upcoming White Paper on tax a waste of time, arguing […]

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Land Takes All the Gains

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Phil Anderson, author of The Secret Life of Real Estate & Banking, delivered a captivating presentation at Tuesday’s packed Boom or Bust – Where are we in the Cycle? event. About half of the recording was included in this week’s Renegade Economists podcast. Topics covered include negative bond yields, difficulties of attaining credit in the […]

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Land tax is simple and equitable

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by Alex Sachez Australians love their property. Whether it be their own place of residence or whether it be their nest egg investment place, Australians love to buy and accumulate property. You don’t have to look too far to see how the property obsession leaches into our culture. No dinner party anywhere can take place […]

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Prosper is Moving!

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Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing Australia MARCH 2015 Fre Sonneveld   We are moving! Prosper is excited to inform our Evolving Economics readers that we are moving to the Lennox Street Exchange (LSX), a dynamic co-working space in Richmond where we will be surrounded by professionals and small businesses […]

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Oh look! A baby swan!

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Australia desperately needs an alibi – a Black Swan event – to nominate as the tipping point that ended the land bubble. Government is rigid with fear about the political consequences of being blamed for the turn. Whoever presides over the shift will earn a page in history and make lifelong enemies of a swathe […]

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Luke Foley offers the bubble party fresh drinks

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In the second leaders debate of the NSW election campaign televised tonight, ALP opposition leader Luke Foley proposed buyers be allowed to defer Stamp Duty, allegedly to ‘help improve housing affordability’. This idea must be condemned. Either Mr Foley is taking NSW voters for fools or is economically illiterate. Stamp Duty is used by government […]

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Event: Property Boom or Bust – with Phillip Anderson

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Property Boom or Bust – where are we in the cycle?  With Phillip J Anderson, author of The Secret  Life of Real Estate & Banking Tuesday March 17th, 6pm. Level 2, 22 Punch Lane, Melbourne. Strictly limited seats, $25 per person (includes light catering). Contrasting pressures need exploration. Property prices have skyrocketed. Bad debts have […]

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Selective US deflation

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Westwood Capital, a US finance firm, have a slide set out trying to pretend all is well with the US property market. I can’t recommend their thesis of US housing shortages and rent hikes, but perma-bulls might enjoy being stroked. Dross. Except slide 12 which breaks US BLS inflation components into Housing and All Items […]

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MIA: Intergenerational Agenda

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Cross posted from the Rational Radical, Matt Ellis There is no agenda for Australian youth MATT ELLIS   Intergenerational theft There has been much talk in the last few weeks and months about intergenerational fairness, in part because of the release of the government’s Intergenerational Report, which predictably details what young Australians already know: we have been shafted over the last two […]

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