Prosper Australia

12 January 2012 Prosper calls for timely, rigorous and transparent statistics on property sales to be collected by the ABS. “Property is the single largest asset market in Australia – worth around $5 Trillion,” Prosper Australia Campaign Manager David Collyer said today. “It is of profound importance to individual and national prosperity. The lack of [...]

Australian land prices are falling. They will continue to fall until their fundamental economic link to incomes and rents are fully restored. Many with large mortgages will be crushed by these towering liabilities when their equity is erased. This claim is bitterly resisted by the politico-housing complex and most homeowners, who see the exponential land [...]

photo credit: Steve – wants a job at Chester Zoo MELBOURNE and CANBERRA:- Australians had high hopes the Tax Forum would herald the end of taxes that distort and diminish economic activity as Ken Henry recommended. Sadly, these hopes have been dashed, says Prosper Australia. “Citizens are taxed too much – especially the income tax [...]

photo credit: rubenerd 29 September 2011 MELBOURNE:- Vested interests are determined to stifle reform of the government revenue base at the Tax Forum next week, says Prosper Australia. “The government has lined up industry representatives and lobby peaks – all to plead the special needs of those who pay their salaries. This blatant pandering to [...]

photo credit: yewenyi “The mismanagement of both the federal tax powers and Australia’s natural assets by the Gillard government is sickening,” Prosper Australia Campaign Manager David Collyer said today. “They are allowing the miners to gouge our country twice.” “Treasury modelling estimated the new mining tax negotiated by the Gillard government will bring in $100 [...]

“You only find out who is swimming naked when the tide goes out.” – Warren Buffett, Chairman’s letter 2001. Negatively geared property investors are exposing themselves, the banks and every Australian citizen to capital destruction, a highly infectious disease that leaves permanent scars. Negative geared property is the glaring weakness in Australia’s deflating housing market. [...]

Last Thursday, the Australian Financial Review leaked Treasury forecasts that the revenues lost in the Gillard Government’s back down on the mining tax will exceed $100 billion over the next ten years

If anyone needed evidence that we live in a plutonomy, here it is. Australian citizens would be rioting in the street if they understood this conspiracy.

The Gillard government today announced a levy on income taxes to pay for the Queensland floods: half a per cent on incomes over $50,000, one per cent on incomes over $100,000

The Australian Government is about to sell real estate worth billions.  It is a matter of critical economic importance that they get it right. Up for sale is radio spectrum for mobile phones and data signals for the next fifteen years. This is real estate as rare and precious as the land we walk upon: [...]