Prosper Australia

The first home Buyers Strike announced by tax reform group Prosper Australia last week is being supported by debt-skeptic Steve Keen. “This is an excellent idea which I endorse,” Keen said on his website (1) yesterday. “It would be a foolish personal decision to take out the size of loan now required to enter the [...]

“Two secure jobs and a good deposit are no longer enough to buy a home. First home buyers must make a life-long vow of poverty as well. It is irresponsible to expect such a sacrifice,” Collyer said. “Do not underestimate their anger and frustration at being denied land ownership and its civic benefits.”

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.

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.

photo credit: Express Monorail Australians have a disturbing mind-set: we prefer foreign experts over our own.  People like Steve Keen and Gavin Putland make waves overseas with their valuable commentary on The Great Australian Housing Bubble, but are ignored at home. So be it.  I will pander to your cultural cringe and offer an overseas [...]

photo credit: Travis S. The US housing market is a living hell.  Homeowners are being boiled alive. The price of land was bid up to staggering multiples of incomes, until it no longer made sense to buy a house. And then the trend turned, hard and fast. One in five US mortgages is ‘underwater’: the [...]

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: 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 [...]

photo credit: RR and Camera At the peak of his career Elvis Presley was so popular audiences would sit and clap at the end of the night, demanding encore after encore.  They couldn’t get enough.  The only way to end the demands and disperse the crowd was for him to leave and to announce: “Mr [...]