“Gillard must come out strongly and call the lobbyists for who they are. She must assert control over the RSPT rather than negotiate with each and every individual company.
photo credit: anarchosyn The Henry Tax Review’s highlighting of Land Tax as a policy direction is a welcome and encouraging development, says Prosper Australia. “This is THE tool to liberate the people of Australia from their current financial difficulties,” Prosper Australia’s Karl Fitzgerald said today. “Consider the enormous economic benefits this reform offers. “Taxing land [...]
photo credit: nflorence2012 How to avoid being caught short: US calls in old rules to shield its markets: The slumping financial markets have been rebounding steadily in the past month for several reasons, including regulatory and legislative decisions in Washington. The Dow Jones Industrial Average closed on Friday above 8000, a dramatic increase from the [...]
photo credit: country_boy_shane At least Timothy Geithner is showing a little spunk with his new shared equity plan. The government puts in effectively 93%, and the lucky bankers chosen put in just 7%. How does it work? Both the government and the bankers put in 7% equity, then the government lends the other 86%. When [...]
photo credit: pyramis Rents up, but house prices down. It doesn’t make sense, but such is life for men and women in their prime trying to find a place to call home. Land monopoly power exerts its ultimate influence over the rental market. As we have often stated, the final stages of a boom-bust market [...]
photo credit: chauromano Ahh the Age beats us to the story! Australian Real Estate Investment Trusts are down 73% year on year. Michael West covers this in Property Not So Safe After All One of the “leading lights” of the sector, Goodman Group, handed down a $450 million half-year loss this morning: a shocker. Greg [...]
photo credit: alexkon Karl Fitzgerald Project Coordinator and Web Editor the Saturday Age – Business section, p2, Oct 25th. FREE market principles are being put to the test like never before. With share prices collapsing, policymakers are scrambling to keep up with the loss of confidence in the market. Prime Minister Kevin Rudd has stepped [...]
by Karl Fitzgerald as published in Arena Magazine, Feb-March, 2008, Edition 93 In a period where the twin crises of global warming and the wealth gap are attacking society from both sides, policy makers are continually limited in their effectiveness by a two dimensional approach to economics. Land prices have increased at 4 times the [...]