Frank Ramsey formally studied mathematics but diversified into philosophy and economics. Among economists he is famous for proving that if the tax system is to raise a given revenue with minimum deadweight, each commodity should be taxed in inverse proportion to its price-elasticity of demand (Ramsey, 1927). That is unfortunate because the cited paper does […]
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The Australian Financial Review today 19 September has no less than four articles disputing the existence of The Great Australian Land Bubble. Your civic duty to buy, buy buy by Jennifer Hewett Page 2 RBA hoses down property bubble talk by George Liondis and Jonathan Shapiro Page 4 Why housing sector doesn’t need NZ-style handbrake […]
In the Summer of 2013, the Centre for Economic Justice commissioned a documentary to discuss the relevance of LVT in the UK. ‘The Taxing Question of Land’ was launched at the Royal Society of Arts in September 2013. Complex tax systems allow for avoidance, evasion and expensive administration costs to both the public and private […]
Payroll tax is a reverse tariff: an inland payroll tax feeds into prices of locally produced goods and services, including those intended for export, but exempts imported goods and services up to the point of importation. In contrast, a Value-Added Tax (such as Australia’s GST) is border-adjusted so that it captures the value added to […]
Address to the 122nd Annual Henry George Commemorative Dinner The Royal Society of Victoria, Melbourne 2nd, September 2013 by Saul Eslake An edited audio recording of the presentation was broadcast on this week’s Renegade Economists radio show. Note: The opinions expressed in this talk are solely those of the speaker in his private capacity, and […]
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