David Collyer and Catherine Cashmore for Prosper Australia Introductory Remarks to the House of Representatives economics committee inquiry into Home Ownership Friday 14 August 2015 _____ Thank you for allowing us the time to speak today. Some background to our…
They couldn't afford a new house, but they could afford two. Plus they get the "tax benefit" of negative gearing the rental, which we know is a crock, and they're doubly leveraged.
Taxi users should be angry at being the victim of a scam obliging them to travel in discomfort so some 'entrepreneur' can enjoy a concessional license fee. And regular license holders ought to share that anger – their rent-seeking activity is being topped and captured by a sub-group, all in the name of mobility for the disabled.
The lack of intervention by the RBA over recent years has left the Australian banking system facing an inevitable confrontation. A confrontation that will suck the very life out of the Australian economy; and our way of life. Lets face it, incomes, and GDP are simply not keeping up with the banks toxic spending binge.
West Australian Treasurer Mike Nahan has acknowledged Stamp Duty is “dumb” but has no interest in changing it, claiming There Is No Alternative. ABC WA reports: In a speech to an economics forum in Perth on Tuesday, Dr Nahan said…
One of the biggest impediments to labour mobility are stamp duties levied on housing transactions. Stamp duties can add tens-of-thousands of dollars to the cost of changing home, leading to fewer transactions and discouraging labour mobility.
In Sydney where the ABS says established houses are a median $670,000, at least $64,000 of that is due to ‘gearer competition displacing homebuyers via price. Given Sydney is ground zero of ‘gearer displacement, this is likely a gross underestimate of the price consequences.
Libertarians and conservatives denounce Pigovian taxation because it would serious decrease profits for those doing the cost externalisation e.g. the wealthy and big business. Because uncorrected external effects are so rampant and thus a sign of the grave inefficiencies of capitalism, they have to be denied to even exist.
Sorry Australia. We won't be turned into slaves to keep your worthless property bubble afloat.
If the RBA and our economic mandarins observe a national strategic advantage they have an obligation to foster it and deploy it to the advantage of all. One of ours is space. We have chosen to welcome migration, dig up minerals, grow crops and animals – but also to strictly ration by price the access to land for young adults.