Philippines President: “I will tax you to death”

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Rodrigo Duterte attacked mining companies in his State of the Nation address to the Philippine Congress over their abuse of the country he leads. His concerns are threefold: • Environmental degradation • The export of raw ores without processing • Miners’ failure to share the revenues of resource extraction The Philippines is the world’s largest […]

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Greens discover the housing, tax and wealth reality

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The Greens have a new housing policy out. They begin with the high principle that all should have access to land then veer off with emotion at the tax rorts available to the wealthy. Everyone Needs A Home calls for an end to negative gearing, the Capital Gains Tax discount and proposes exchanging state-based Stamp […]

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West Gate Tunnel: Critical Infrastructure or Game of Mates?

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One of the games in the Game of Mates is the Public-Private-Partnership. PPP projects such as Citylink in Melbourne and the Cross City Tunnel in Sydney are financed and built by private consortiums with high, ongoing returns guaranteed by the government. In terms of how we pay for infrastructure, PPPs are essentially an accounting trick. […]

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MCA’s appeal to the dark side

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West Australia should not raise mining royalties because GST revenues are distributed to human need, according to the Minerals Council of Australia. Their logic is as twisted as a snake in a maze: both state boundaries and orebody sites are accidents of geography, also known as luck. The MCA’s submission to the Productivity Commission inquiry […]

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Australia: you’re being ripped off MERCILESSLY!

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by Bryan Kavanagh “The more tuned out the general population, the more James can get away with his Game before voters notice.” A full house for the Melbourne book launch by co-author Dr Cameron Murray of the “Game of Mates: How Favours Bleed the Nation” at RMIT’s Francis Ormond Building on Friday. I’ll let people […]

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Decentralisation made easy

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As Australian capital cities spill out into their hinterland, our regional cities and towns serviced by good infrastructure are failing worse than ever to attract their share of population growth. Politicians regularly breast-beat about the developmental imbalance, occasionally sending this or that centrally-located administrative department off to the regions in order to redress the lopsidedness […]

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A Radar for Common Sense

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Our Renegade Economists radio show is celebrating its 500th show next week. Here are some recent highlights: The International Union for Land Value Taxation’s Alanna Hartzok discusses the political implications of a world unable to comprehend the onslaught of record land prices, immigration and inequality. UN developments alongside water rights are also analysed. Check the […]

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Who will know who owns the land?

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The Andrews government intends to sell Victoria’s land titles registry to private interests for an expected $2 billion – a mere detail in the May budget. This is no ordinary asset sell-off: land is the single largest asset class in Australia and the central public register of who holds what is arguably the raison d’etre […]

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https://prosper.org.au/2017/07/