Prosper Australia

The mascot of the anti-land-tax campaign is the “poor widow” — you know, the one who will allegedly be forced out of her home because she doesn’t have the cash flow to pay the tax on the astronomical value of the land under her house, and who can’t be compensated by cuts in income tax because [...]

Changing the GST was always intended to be hard and is getting harder by the week. Under the so-called intergovernmental agreement on implementation of the GST, any change in the rate or the base required the unanimous approval of the Federal, State and Territory governments. Although that “agreement” can be unilaterally abrogated by Canberra, neither [...]

This post was adapted from our e-news service. Sign up on the right hand side of the home page for a bi-monthly email. These certainly are exciting times to be advocating an alternative economic framework. We see thoughout the EU failing economies where tax systems allow the wealthy to siphon money out of the economy, [...]

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 [...]

Saturday’s Age article on Melbourne’s rental growth outstripping all other states is reflective of current government policy at all levels – local, State and Federal. When combined with record immigration levels, property flipping will continue unabated. Prosper Australia spokesman Karl Fitzgerald was quoted in another Age article on Home Buyers Lose out in Tax Change. [...]