Why the rent is so damn high by Karl Fitzgerald | Mar 31, 2014 | Multimedia How one person can own another by our continual ignorance of the Law of Rent. A vital 5 minutes. 4 Comments THEO on March 31, 2014 at 2:03 pm Interesting video. So in other words those without owning land should start pressuring politicians as to why land and house prices are so high in Australia? What leverage do they have when most Australians own , albeit through loans, land and a house? I believe economic upheaval such as a massive economic downturn, rising unemployment etc. will force long term change for the better. Why would a corrupt political system challenge the status quo today when there are no votes to gain from it? Karl Fitzgerald on March 31, 2014 at 2:13 pm That is precisely our predicament Theo! Hopefully in time we will show the earnings, productivity and export advantages to come from such a change, depicting the advantages for all Australians as unstoppable. Chris O'Neill on April 4, 2014 at 2:13 am “I believe economic upheaval such as a massive economic downturn, rising unemployment etc. will force long term change for the better” Economic upheavals have happened before and they certainly didn’t change land tax for the better. THEO on April 4, 2014 at 12:55 pm In the recession 1990-92 there was a massive correction in house prices but in the case of land tax I would have to agree partly. with you. In a previous article here on ‘Prosper Australia’ mentioned the ACT over a period of 20 years will phase in a Land tax. Maybe massive budget deficits and rising unemployment has made them see the light? Submit a Comment Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website This site uses Akismet to reduce spam. Learn how your comment data is processed.