Prosper Australia

photo credit: mugley The Baillieu government has just received a major report into Victoria’s economic efficiency that offers a clear path to redesign state taxes, advance living standards and make Victoria an absolute magnet for employment and investment. “Ted Baillieu can write history and be Victoria’s Great Architect through tax reform.” Prosper Australia Campaign Manager [...]

photo credit: George Laoutaris Will Greece Let EU Central Bankers Run Riot Over Sovereignty? Michael Hudson When Greece exchanged its drachma for the euro in 2000, most voters were all for joining the Eurozone. Their hope was that it would ensure stability, and that this would promote rising wages and living standards. Few saw that [...]

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 reform challenge for our beloved country is to discard the taxes that weigh on effort and creativity, and to put them instead on economic rents, like land and mining.

A tax on economic rent is not, as Davidson says, a tax on “entrepreneurship and innovation”, but a tax on the surplus over the necessary returns to human inputs, including entrepreneurship and innovation.

A soundly-based Land Value Tax to reduce the taxes on labor and enterprise would restore the rewards to effort and propel the economy forward like a rocket.

Tax reform will turbocharge our economy. It will make Australia a genuine centre of excellence: a magnet for investment, for jobs, and a shining example to stunted and downtrodden citizens everywhere.

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: [...]

Portland (pop. 10,000) remains seriously underdeveloped. While the rest of the state has grown by leaps and bounds, Portland sleeps. Its laggard status should be a matter of considerable concern to all Victorians.