“Gillard must come out strongly and call the lobbyists for who they are. She must assert control over the RSPT rather than negotiate with each and every individual company.
photo credit: anarchosyn The Henry Tax Review’s highlighting of Land Tax as a policy direction is a welcome and encouraging development, says Prosper Australia. “This is THE tool to liberate the people of Australia from their current financial difficulties,” Prosper Australia’s Karl Fitzgerald said today. “Consider the enormous economic benefits this reform offers. “Taxing land [...]
photo credit: CarbonNYC Media Release “We have the means at hand to liberate the citizens of our great country from their current financial difficulties,” Prosper Australia’s Karl Fitzgerald said today. “The answer lies in reforming our tax system. A major petition to the Australian Parliament calling for the reintroduction of a Federal Land Tax is [...]
photo credit: the|G|™ Written Oct 16th Raising interest rates will do little to address underlying economic issues, says visiting US economist Professor Michael Hudson. “The market factoring in 7 interest rates rises spells danger for the Australian economic miracle” warns Professor Hudson. “Governments must use tax policy rather than monetary policy to address asset bubbles. [...]
photo credit: wellurban The Brumby-Madden announcement to increase Melbourne by the equivalent size of Canberra is exasperating. 100,000 vacant sites already exist in Melbourne in areas already serviced by infrastructure (according to the recent census). The government has failed us economically. The have failed us environmentally. The have failed on inter-generational equity too The social [...]
Prosper Australia today applauded the State Government’s announcement for taking housing affordability more seriously. However, questions must be asked about who benefits most from this announcement. “Today’s declaration of residential zoning has made Victoria’s land bankers more money in a day than many earn in a lifetime.” “Questions must be asked why the government is [...]
Media Release 01/02 Prosper Australia is elated to hear that the Brumby government is returning to its senses by recognising Land Value Capture as the most efficient way to raise public revenue. However, the progressive tax tiers need to be rolled into a flat tax. “Land Tax is the most efficient of all government revenue [...]
Property lobby pushes all the usual red herrings whilst ignoring the speculative causes to affordability pressures. Demographia International’s new report on housing affordability again pushes the “unending sprawl forever” mantra. Report author Wendell Cox rolled out all the usual criticisms of land rationing, infrastructure charges and bureaucratic tape. “The effect of unending sprawl is to [...]
ALP policy will continue to subsidise developers over first home owners. The ALP’s new housing minister should look at freeing up the supply of privately held land (aka land banks) by using a Site Rental on all land. In response to the housing industry’s recent call for the freeing up of land, Prosper Australia’s Karl [...]
‘I Want to Live Here’ report release Earthsharing Australia today released the first I Want To Live Here Report, demonstrating the extent to which speculative vacancies are the key hidden issue in the housing affordability debate. The ‘I Want to Live Here’ report found that 1058 people could live on vacant sites within the Bluestone [...]