Comments on: Breaking in on the Rent Seekers http://www.prosper.org.au/2009/03/11/an-alternative-view-some-old-ideas-aren%e2%80%99t-bad-ideas/ Access → Opportunity → Prosperity Tue, 07 Feb 2012 03:45:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tashia Pauline http://www.prosper.org.au/2009/03/11/an-alternative-view-some-old-ideas-aren%e2%80%99t-bad-ideas/comment-page-1/#comment-2909 Tashia Pauline Thu, 02 Dec 2010 01:43:22 +0000 http://www.prosper.org.au/?p=593#comment-2909 Wonderful job:) I will want a decent amount of time to think about your article!! Wonderful job:) I will want a decent amount of time to think about your article!!

]]> By: Bryan Kavanagh http://www.prosper.org.au/2009/03/11/an-alternative-view-some-old-ideas-aren%e2%80%99t-bad-ideas/comment-page-1/#comment-1080 Bryan Kavanagh Wed, 25 Mar 2009 06:15:57 +0000 http://www.prosper.org.au/?p=593#comment-1080 I have to agree absolutely with Mr Cook. "Australia's Future Tax System" panelist, Dr Greg Smith suggested at the Melbourne public hearing (last Monday night) that if the review has been told GST must remain, that does not preclude it from being wound back.[!] I suggested that we do need federally-administered land value capture program (to put an end to this ridiculous race-to-the-bottom at State level). It should then be rebated back to the States - much like the GST. If it can replace some of the GST, all the better! I made the point that we are experiencing the GFC because of inadequate home-grown land value capture, and that while landowners and property speculators claw back ALL their taxation through increases in their property values (ie. through asset price growth), renters don't have this option. Thus is the wedge driven into Australian society. Thus do our rich and poor continue to divide. It's a gaping hole that must be filled by AFTS . I have to agree absolutely with Mr Cook. “Australia’s Future Tax System” panelist, Dr Greg Smith suggested at the Melbourne public hearing (last Monday night) that if the review has been told GST must remain, that does not preclude it from being wound back.[!]

I suggested that we do need federally-administered land value capture program (to put an end to this ridiculous race-to-the-bottom at State level). It should then be rebated back to the States – much like the GST. If it can replace some of the GST, all the better!

I made the point that we are experiencing the GFC because of inadequate home-grown land value capture, and that while landowners and property speculators claw back ALL their taxation through increases in their property values (ie. through asset price growth), renters don’t have this option. Thus is the wedge driven into Australian society. Thus do our rich and poor continue to divide. It’s a gaping hole that must be filled by AFTS .

]]> By: Colin Cook http://www.prosper.org.au/2009/03/11/an-alternative-view-some-old-ideas-aren%e2%80%99t-bad-ideas/comment-page-1/#comment-1053 Colin Cook Thu, 12 Mar 2009 06:36:53 +0000 http://www.prosper.org.au/?p=593#comment-1053 That GST is not part of Henry's Review gives little room for optimism. What we really need is a Federally declared National Flat Rate Land Tax for the States to collect and use - so that the States could not be pushed into a race to the lowest rate. And demolish the GST. I recommend a 2% Land Tax to offset a 2% Reduction in GST. With regular increments in the National Rate with appropriate reductions in GST until that silly, regressive tax in no more. That GST is not part of Henry’s Review gives little room for optimism. What we really need is a Federally declared National Flat Rate Land Tax for the States to collect and use – so that the States could not be pushed into a race to the lowest rate. And demolish the GST. I recommend a 2% Land Tax to offset a 2% Reduction in GST. With regular increments in the National Rate with appropriate reductions in GST until that silly, regressive tax in no more.

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