The Gillard government today announced a levy on income taxes to pay for the Queensland floods: half a per cent on incomes over $50,000, one per cent on incomes over $100,000
A tax on economic rent is not, as Davidson says, a tax on “entrepreneurship and innovation”, but a tax on the surplus over the necessary returns to human inputs, including entrepreneurship and innovation.
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 […]
You are cordially invited to an interactive seminar: A Grounded Tax System for Australia by David Collyer photo credit: Nuytsia@Tas Why work for wages when tax takes the cream? Why risk a business when government sucks your blood? And why landowners make our lives unsustainable. There is a better way! 7.oo pm Thursday 24 February […]
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 […]