China: should land’s rental value be the basis of the tax system, or that of the financial system?

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by Professor Michael Hudson How can China avoid the “Western financial disease” – a real estate bubble followed by defaults and foreclosures? The U.S. and European economies originally sought to avoid this fate by taxing the location’s site value. A rent tax was the focus of Progressive Era reforms. Enacting a rent tax remains China’s […]

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Winter Boardgame Night

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Fri Aug 2nd, 6.30 – 9.30pm 2/22 Punch La, Melbourne Housing advocates, renters, gamers and friends, join us for a night of winter jousting! If you are intrigued about the world's most popular boardgame – Monopoly – and how it started as the Landlord's Game, come and join an evening of Anti-Monopoly (similar to the […]

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HIA should advocate inexpensive land

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MELBOURNE:- Very poor residential land sales have prompted fresh pleading for the construction industry by the Housing Industry Association today in ‘Land Sales Signal Slow Home Building Recovery’ as new home buyers remain unwilling to commit at current high land prices. “My reading of the measures has overall land sales volumes continuing to weaken and […]

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Victorian Values

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‘A Guide to Property Values 2012’ by Victoria’s Valuer General was released July 5. It has been comprehensively ignored. The report dissects property transfers and prices lodged with the titles office. This dataset is the actuals, the definitive historical record, and is what scholars of the future will use to examine The Great Australian Land […]

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Cigarette Tax hike defies economic logic

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By Sam Oldfield, an economics student at Latrobe University and an Associate at Prosper Australia. The Rudd government’s sudden increase in cigarette taxes completely disregards sound economic practice. Joe Hockey calls it “policy on the run” – he couldn’t be more correct. Making smokers the targets of Kevin Rudd’s war on anything bad for us […]

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Victorian Government entrenches Englobo

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Places Victoria, a government agency that once competed with private land developers to limit their pricing power, is to sell all its remaining land holdings on Melbourne’s outskirts to a single buyer, the AFR reports today. Rebecca Thistleton has Places Victoria acting chief executive Peter Seamer saying the decision to change the sale strategy was […]

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https://prosper.org.au/2013/07/