Archive for December, 2008
photo credit: chaosinjune letter to the Monash Journal Site Value ANGE Siouclis is correct to suggest “why not trim excess expenditure and unwarranted perks and costs” at Monash Council (Your View, November 24). But to say that we all should pay the same amount of rates is wrong. That’s what Margaret Thatcher tried to push [...]
photo credit: Dunechaser It seems that another whitewash of economic theory is being subtly thrust upon us with the ongoing Henry Tax review. According to Henry, he has re-written economic theory. The 3 sources of taxation are now labour, capital and consumption. The Corruption of Economics continues with Land, the most essential of all factors [...]
Fred Foldvary’s rapid fire insights on the GFC are summarised in this excellent speech “Why the Predictable Crash of 2008 was not a Market Failure”. From money supply manipulations to bailouts to the needed remedy, Foldvary flies through the stages of the cycle that have brought us to where we are today. Hitting it hard [...]
photo credit: 3blindmice Land speculators with portfolios in Coolaroo, Cranbourne East, Caroline Springs, Nunawading and Parkville will be celebrating with their second free lunch in as many weeks. Brumby’s announcement of new train stations in these suburbs has delivered windfall gains to those speculating on future infrastructure projects. One just needs to visit Coolaroo to [...]
photo credit: Poppyseed Bandits When: 7pm, Thursday Dec 11th Where: Prosper Australia, Frank Halkyard Library, Level 1/ 27 Hardware Lane, Melbourne Why: Because the US style bailout is heading our way Who: Fred Foldvary is the Senior Editor of the highly regarded Progress Report. Fred Foldvary (USA) will provide an explanation of the real estate [...]
photo credit: Dean Terry If ever we needed any more motivation to burn the midnight oil, the Brumby government’s latest handout to the property lobby is just this. Just nine months since he handed out free lunch with the 90,000 blocks of zoned land announced in March, Brumby has now extended the 2030 boundary to [...]
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