Prosper Australia

“I warn FHB’s, the agenda of the trolls is to blow one more puff into The Great Australian Land Bubble so they can sell out before the inevitable crash.”

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.

photo credit: Timmy Toucan You are cordially invited to an interactive seminar: A Grounded Tax System for Australia Thursday 24 February 2011, 7.00 pm Presenter David Collyer Why work for wages when tax takes the cream? Why risk a business when government sucks your blood? How rentiers make our lives a misery. There is a [...]

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.

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

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.

photo credit: djking To win the election, the new Victorian Premier Ted Baillieu pledged to phase in reductions in Stamp Duty by fifty per cent on real estate transactions under $600,000 for first home buyers. This is a very modest proposal.  Mr Baillieu’s incoming government has a blank page on which to write.  We urge [...]

photo credit: The Library of Congress Only when the tide goes out do you discover who’s been swimming naked. Warren Buffett In the US housing bubble, banks and financiers gave a mortgage to anyone with a discernable pulse.  NINJAs (No Income, No Job, no Assets) were welcomed – as long as they could sign their [...]

photo credit: Fabrice ROSE The Senate Select Committee on New Taxes is pondering the implications of the Mineral Resource Rent Tax, holding a hearing yesterday in Perth. Here is a new tax measure that, even diluted for the election, will still raise over $10 billion a year. This is a beautiful tax: it doesn’t distort [...]

photo credit: Lucia. . . A secret map of Melbourne’s transport plans for the next 30 years was published in The Age yesterday. Doubts were raised about its authenticity (weakly, unconvincingly) by the Victorian government. Average householders may shrug, but this is a treasure map for property pirates speculators. “Here be Gold, mateys! Arrgh!” Knowing [...]