Malervescence: a government determined on tax deform

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Prime Minister Malcolm Turnbull has produced so many thought bubbles on tax reform he makes fresh beer look flat. His latest effervescence is for the states to levy their own income tax on top of the Commonwealth take. He needs to be warned: Be careful what you wish for. Should Australia proceed down this path, […]

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The Modern Debt Jubilee, a taboo medicine we desperately need

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by Jesse Hermans Economies all over the world, primarily the Western ones, are entering what appears to be an era of stagnation. Japan’s experience over the last 25 years offers us insights into what the future holds. Unsurprisingly, economists dispute the cause of what they refer to as “secular stagnation”, but a growing number are […]

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Could a 137 year-old equation explain the financial collapse?

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by Bryan Kavanagh republished from On-line Opinion The Australian Federal Treasury publication “Architecture of Australia’s tax and transfer system” (August 2008) made a valid observation: While there are at least a hundred taxes, they all ultimately fall on returns to owners of three possible factors of production; land or other naturally endowed resources (R), labour […]

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Peter Costello’s indefensible legacy

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On Friday, Peter Costello used Fairfax to tell us how handsome he is and how splendidly the Future Fund he chairs is performing. He was responding to fellow establishment figure Howard Mitchell’s comparing its returns against the Alaska Permanent Fund. The whole debate was probably a Tory setup. They do odd things like that. Alaska’s […]

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Geoists in History – Philip Snowden

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1864 – 1937 Karl Williams continues the exploration of the great figures in history in his Geoists in History segment.   “There never was a time when the need was greater than it is today for the application of the philosophy and principles of Henry George to the economic and political conditions which are scourging the […]

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Victoria thinks the unthinkable – land tax

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The Andrews government is flying a kite today in The Age to gauge public opinion on removing conveyancing Stamp Duty and using State Land Tax instead. This initiative deserves thunderous applause. With many young Victorians now excluded from home ownership and renting instead of building asset wealth in their own homes, the government can see […]

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Property big short is long on price

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A letter in today’s Australian Financial Review by Dr Philipp Hoflin, a member of Lazard Asset Management’s equities team soberly expresses the discomfort among sharemarket investors about the Giant Australian Land Bubble. Property big short is long on price In reference to the piece by Christopher Joye (‘‘Don’t believe the big short’’, February 26), I […]

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https://prosper.org.au/2016/03/