Land Infrastructure Tax Concerns

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photo credit: Dystopos The Brumby government’s haphazard manner in dealing with Melbourne’s ‘urban sprawl forever’ attitude is straining government revenues. The desperate actions following from this with the $95,000 Growth Areas Infrastructure Contribution (GAIC) are the result of the ignorance of more efficient and equitable revenue raising systems. The GAIC has been called a Land […]

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Economic Rent – Hudson

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Hudson on Income Tax

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Land Tax to Affordability

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photo credit: kodama (home) Suburbs hit with land tax increase TAXPAYERS owed more than $227 million in land tax by the end of February – a 20 per cent increase since last year, Office of State Revenue figures reveal – with a Herald investigation finding that much of the pain is being felt in the […]

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Land Value Taxation: Solving the Efficient Tax Problem

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photo credit: spike55151 Dr Terence Dwyer  – B.A. (Hons) B.Ec. (Hons) (Syd.) M.A. Ph.D. (Harvard), Dip. Law (Syd.), FTIA, Visiting Fellow, Crawford School of Economics and Management, Australian National University. Dr Dwyer’s Submission to the Henry Tax Review Executive Summary The Treasury tax paper acknowledges the three factors of production but needs to follow through […]

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Ben Bernanke’s False Analogy

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photo credit: zen The Financial Sector: “A House Burning Down” Prof. Michael Hudson March 16, 2009 Global Research www.michael-hudson.com/ On the March 15 CBS show “60 Minutes”, Federal Reserve Chairman Ben Bernanke used a false analogy already popularized by President Obama in his quasi-State of the Union Speech. He likened the financial sector to a […]

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Chinese local government liquidity issues

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photo credit: le niners Whilst we’re looking at China and the fascinating powerplays of the economic superpowers, we read today that many of China’s local governments are struggling to avoid bankruptcy. It turns out that local governments have been financing themselves by selling off the family jewels: “Previously, local governments got all their money from […]

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Chinese T-Bill diversification plan

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photo credit: BK59 Chinese concern over it’s status as the ‘T-Bill Republic’ is leading to a diversification tactic that could well assist us in our aim for the public to share in the spoils of our natural resources. Wenran Jiang writes in Online Opinion Another effort by China to pull itself out of the dollar […]

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More budgetary distortions

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photo credit: night86mare Fred Harrison will be proven correct with his apt title Boom-Bust 2010. With the Brumby government stepping up to the plate by offering further gravvy to the property lobby train with the $6000 increase in their First Home Owners grant, Natalie Craig reports that this will create another stampede: REGIONAL builders say […]

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Swan Budgetary commentary

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photo credit: atzu We are preparing a booming Renegade Economists radio show this afternoon with none other than Dr Gavin Putland critiquing the budget. The sad thing about the lack of knowledge between infrastructure and land values is that the Ruddites look like building an underground rail tunnel and station in Northbridge, WA for $236m. […]

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https://prosper.org.au/2009/05/