Negative Gearing is costing you a lot more than you think

by David Collyer on July 24, 2014

In Sydney where the ABS says established houses are a median $670,000, at least $64,000 of that is due to ‘gearer competition displacing homebuyers via price. Given Sydney is ground zero of ‘gearer displacement, this is likely a gross underestimate of the price consequences.

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Piketty’s forerunners

by Karl Fitzgerald on July 23, 2014

by Polly Cleveland, cross posted from Dollars & Sense. In Thomas Piketty’s doomsday model, slowing of growth in the twenty-first century will cause an inexorable increase in inequality. Piketty is not the first to propose a grand model of inequality and growth. To get some perspective on his model, let’s see what the “classical” economists […]

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Don’t get fined $30,000 for moving house!

by Gavin R. Putland on July 22, 2014

“A citizen can hardly distinguish between a tax and a fine,” wrote G.K. Chesterton, “except that the fine is generally much lighter.” In Victoria, for example, the stamp duty payable on the purchase of a $600,000 house-land package (below the median price for Melbourne) is more than $30,000 — or about 150 times the fine for […]

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GFC – nothing learnt

by Karl Fitzgerald on July 21, 2014

By Catherine Cashmore Cross posted from all over the web, including Naked Capitalism. Yves here. This post looks at how little has been done in the wake of the global financial crisis is instructive because it takes an international view. The Australian writer, Catherine Cashmore, is particularly anxious about the failure to address the usually […]

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The Sovereign State of Pigovia

by David Collyer on July 17, 2014

Libertarians and conservatives denounce Pigovian taxation because it would serious decrease profits for those doing the cost externalisation e.g. the wealthy and big business. Because uncorrected external effects are so rampant and thus a sign of the grave inefficiencies of capitalism, they have to be denied to even exist.

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Clyde Cameron advocates for Land Tax in Federal Parliament: 1968

by Jess Wright on July 14, 2014

Mr. Clyde Cameron AO was the member for Hindmarsh in South Australia. These speech extracts were published in Progress Magazine, December 1968. One of the biggest difficulties for people wanting to build a house today is to find a suitable block of land at a decent and respectable price. The cost of land has reached […]

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Anthony’s Story

by David Collyer on July 7, 2014

Sorry Australia. We won’t be turned into slaves to keep your worthless property bubble afloat.

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Land: A Key Natural Advantage

by David Collyer on July 4, 2014

If the RBA and our economic mandarins observe a national strategic advantage they have an obligation to foster it and deploy it to the advantage of all. One of ours is space. We have chosen to welcome migration, dig up minerals, grow crops and animals – but also to strictly ration by price the access to land for young adults.

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The Natural Source of Public Revenue

by Jess Wright on

By Clare Tindall. This is an excerpt of a piece that was originally presented almost 50 years ago, at a Georgist Youth Night in 1967. It was published in the October 1967 edition of Progress Magazine. It is at such a time as this, when we are filling out our taxation forms, and when sales […]

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A Speech For Land Tax – 1988 Victorian Parliament

by Jess Wright on June 27, 2014

This speech is taken from Progress Magazine Issue No. 936, February 1988. It’s by Morris Williams, member for Doncaster and a past president of Prosper Australia (then known as Tax Reform Australia). SPEECH FOR LAND TAX IN THE VICTORIAN PARLIAMENT Mr. WILLIAMS (Doncaster)—The Bill distresses me. It could have roared like a lion, but it […]

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