photo credit: kevindooley Michael Hudson Originally posted at Counter Punch Paul Samuelson, America’s best known economist, died on Sunday Dec 13th. He was awarded the Nobel prize for economics, (founded one year earlier by a Swedish bank in 1970 “in honor of Alfred Nobel”). That award elicited this trenchant critique, published by Michael Hudson in […]
photo credit: mugley The plot thickens with Glenn Milne reporting THE Federal Government’s biggest tax inquiry in more than two decades is set to propose a national land tax, a new resource tax and a congestion tax for clogged cities. The Henry Review, by Treasury head Ken Henry, is also expected to canvass a federal […]
photo credit: D.Reichardt Regarding NZ’s Buckley Tax Review, Promises and Costs of a Land Tax : On the one hand, a land tax would induce farmers to make the best possible use of their land, since the tax would be levied regardless of whether the land was in production. But on the downside, this could […]
photo credit: Compound Eye – on Fall 09 Colorado Review cover Gordon Brown’s increasingly populist policies have leapt to a new level of desperation. Reflecting the severity of the economic malaise in England, the British government has announced a new 50% super tax on banker’s bonuses (above 25,000 pounds). One can guess the outrage, one […]
photo credit: ViaMoi Mining and finance are the big winners in the devolving economic model we endure. With the concentration of big business so great, those with control of scarce resources or scarce employment opportunities are able to lean on working classes and the tax payer to plump their profits. Westpac’s disastrous .45% handball of […]
Check out this funky clip defining how the war on creativity is defined by speculative pariahs undermining creative communities via the age old rental squeeze. Congratulations to Ingrid Brooker as the winning entrant.
New Zealand is known as one of the world’s leading gimp nations when it comes to protecting the future that land in prime locations avails. They have no Land Tax. They have pathetically low council rates. Worse, these are set to penalise home construction such that the family home pays upwards of 30% more than […]
The popularity of McMansion-ville suburbs dwindles as genuine home-buyers look for communities with character in New home sales retreat: HIA Sales of new homes in Australia dropped in October, an industry survey showed today, in a further pullback from stimulus-driven gains earlier in the year. The Housing Industry Association said sales dropped 6 per cent […]