Miners Gouge Australia Twice

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photo credit: yewenyi “The mismanagement of both the federal tax powers and Australia’s natural assets by the Gillard government is sickening,” Prosper Australia Campaign Manager David Collyer said today. “They are allowing the miners to gouge our country twice.” “Treasury modelling estimated the new mining tax negotiated by the Gillard government will bring in $100 […]

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Premier Baillieu – Victoria’s Tax Architect

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photo credit: mugley The Baillieu government has just received a major report into Victoria’s economic efficiency that offers a clear path to redesign state taxes, advance living standards and make Victoria an absolute magnet for employment and investment. “Ted Baillieu can write history and be Victoria’s Great Architect through tax reform.” Prosper Australia Campaign Manager […]

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Lessons from Manhattan

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photo credit: atomicshark “The devil is in the details.” German Proverb A fascinating paper on Manhattan real estate in the 1920-39 era shows why property went down, stayed down and didn’t recover in real terms until 1960. ‘Real Estate Prices During the Roaring Twenties and the Great Depression’ by Nicholas and Scherbina makes a chilling […]

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Property Market in Disorder

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MELBOURNE:- The worst fears of real estate agents and property vendors has arrived: the orderly sale of property has broken down. A twenty year uptrend made Australian real estate ‘most severely unaffordable’ and a Ponzi scheme propelled by consumer debt. Prosper says prices are now in free-fall. “Anyone buying at current prices is a damn […]

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Wall Street’s $13 Trillion Cover Story

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photo credit: M J M Michael Hudson Free money creation to bail out America’s elite financial speculators, but not for Social Security or Medicare Only the “Crazies” Get the Bank Giveaway Right Kindly borrowed from Michael-Hudson.com Financial crashes were well understood for a hundred years after they became a normal financial phenomenon in the mid-19th […]

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Take your positions, please

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A debate is a chance to crunch opposing views. Strong ideas advance and poor ones are discarded. Good. But when participants and audience have already made up their minds, fresh argument goes nowhere. The Money Institute’s big debate in Sydney on Tuesday asked – Will the Australian Property Market Crash? The audience were dragged over […]

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How Financial Oligarchy Supplants Sovereignty

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photo credit: George Laoutaris Will Greece Let EU Central Bankers Run Riot Over Sovereignty? Michael Hudson When Greece exchanged its drachma for the euro in 2000, most voters were all for joining the Eurozone. Their hope was that it would ensure stability, and that this would promote rising wages and living standards. Few saw that […]

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A feast of houses – at the old price

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2 June 2011 MELBOURNE:- Homes available for sale across Australia are up 68 per cent on last year while sales volumes have slipped dramatically. The real estate industry has immediately flipped its argument and is calling a ‘buyers market’. “Not so fast!” Prosper Australia campaign manager David Collyer said today. “The supply of houses for […]

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https://prosper.org.au/2011/06/