Angus Raine of RE agents Raine & Horne burst into song about property taxes in a letter on page 55 of the Australian Financial Review today – and what a nice cartoon, Clement! Angus wants Stamp Duty tax breaks for empty nesters – people trapped in inappropriate housing by bad taxes. He wants capital […]
The opening line to the Tax Justice Network’s new report “Who Pays for Our Commonwealth?” states: if…. the largest Australian listed companies paid taxes at the statutory corporate tax rate of 30%, it would produce an additional $8.4 billion in annual revenues They go on to say: nearly one-third have an average effective tax rate […]
With ALP leader Daniel Andrews’ announcement today of plans to extend the rail line to Mernda, the question arises of how to finance it. “The $600m cost will probably be sourced from general revenue. But we ask, why don’t the public receive a better return on investment for major infrastructure expenditures?” stated Prosper Australia Project […]
A frenchman with no commentary on the Physiocrats? Mason Gaffney, author of the groundbreaking The Corruption of Economics and the recent Gaffney Reader, analyses Tomas Piketty’s bestseller ‘Capital’. Capital in Any Century: A Response to Thomas Piketty by Mason Gaffney (adapted by Lindy Davies) Through some magic or mystique, Thomas Piketty, in his Capital in […]
Australia is a mirror of other countries where high housing prices were also blamed on a shortage, always revealed, in hindsight, to be a chimera.
This week’s Scottish independence referendum is a challenge over the sovereign ownership of resources. Who should profit from nature’s endowment? At present barely 500 privileged families own half of the nation. Is this why the powers that be do not want independence? A fairer tax system, with Land Value Tax as the centrepiece, would be […]
An Australian political party has boldly stepped forward with a proposal to reform taxes to make housing affordable and end the destruction of tens of billions of dollars of taxpayers money in deadweight losses each and every year: that party is the Australian Labor Party.
Prosper Australia shocked the Senate Economics Committee inquiry into Housing affordability with the view we have no supply constraints – because rents haven’t budged. They have been hearing from every vested interest that Supply! Supply!! Supply! is the key determinant. No, Prosper says, it is our very poor tax system. Nick Lenaghan at the […]
New Aussie Mortgage Debt record – but why? Dont crowd out the investors!! by Renegadeeconomists on Mixcloud Philip Soos & David Collyer discuss their Senate Housing Affordability Inquiry presentation amidst the fast moving economic environment. Read their submission. During the show, prolific chartmaster Philip Soos discusses his latest number crunching, finding that the Australian debt […]
The hope behind band aids : a special on Henry George by Renegadeeconomists on Mixcloud The 7th birthday edition of the Renegade Economists paid tribute to the deep seated thinking behind Henry George’s writings. We discuss some of the many highlights to Georgism with The Prosperity Paradox editor, Dr Mark Hassad. Read the Prosperity Paradox […]