The great land banking scam exposed

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by Cameron Murray Property development can be a dirty business, particularly when it comes to land-banking, which is the speciality of Australia’s largest developers. Land-banking involves the speculative buying of large parcels of land that are currently unsuitable for development in the hope of future development potential. But hope alone is not a business strategy. […]

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Funding for research into economic rents vital

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Last night saw the launch of the Prosper Australia Research Institute. A vibrant crowd attended our LSX headquarters to hear the detail behind Prosper’s new deductible gift recipient entity. This was an important historical event with a sense of timing.  77 years earlier (to the day) the trust deed of the Henry George Foundation of Australia […]

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Attention Joe: Not All Taxes Are Equal

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Cross Posted from Warwick Smith at The Guardian  Joe Hockey recently said “I don’t like higher taxes; I am philosophically opposed to higher taxes … because if you increase taxes you’re just collecting someone else’s money.” As usual, the reality is not as simple as Hockey makes out. Not all taxes are made equal. The […]

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Treasurer Hockey supports ending stamp duty for land tax

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PRESS RELEASE 19 May 2015 MELBOURNE:- Federal Treasurer Joe Hockey has endorsed moves by South Australia to abolish Stamp Duty and replace it with a nil exemption, broad-based land tax. He said the cost of an annual land tax would likely be less in the long term than upfront stamp duty. “This exercise in ‘experimental […]

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Australia’s land price conundrum

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by Bryan Kavanagh reposted from On-Line Opinion Whilst in Newgate Prison (1827-1830) for the abduction of heiress Ellen Turner, Edward Gibbon Wakefield had a great idea. If you kept land prices high in the new British colonies, people could be forced to work like slaves for you. You didn’t need convict labour. If people worked […]

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Budget deadweight, Prosper happenings

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Join our fortnightly enews on all things evolving economics. Read past editions.  Share with your friends! Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing Australia MAY 2015 Gratis Tech Crash 101 Our deepest apologies for Wednesday’s technology fluff up. Some people received 1, 3 or 5 ‘placeholder’ emails. Whoops! We have […]

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WA budget wins Golden Banana Award

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West Australia’s Barnett government has just handed down its budget. It is the ugliest baby I have ever seen. The AFR reports: All key financial measures have been blown apart in the state budget, with net debt (above $30 billion) cash deficits (above $5 billion) and debt to revenue ratios (above 80 per cent) hitting […]

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PARI Launch event

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Thursday, May 21, 6.30 – 8pm LSX, 285 Lennox Street, Richmond RSVP The launch of the Prosper Australia Research Institute (PARI) is nearly here! Science can elaborately finance research into the God Particle, we can boast about new advances in Quantum Computing, but when it comes to shining a bright light on the economic advantages […]

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Maintain Compulsory Voting

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Lynn Friedman via Compfight Letters to the Editor 14th May, 2015 Herald Sun Let’s hope those clamouring for election reform here take a good look at the UK result. One party now has 51% of the seats from 36.9% of the vote. As voting is voluntary, only 66.1% of those registered bothered to do so. […]

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The Census saved!

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The Abbott government has agreed to spend $250 million on the 2016 census and to replace the Australian Bureau of Statistics computer systems, parts of which are 30 years old. The census is a critically important national statistical tool. It measures population and housing – essential for evidence-based policy, government and private sector demand projection […]

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