Jesse Hermans

2019 Federal election policy comparison

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The 2019 Federal Election is only a few days away… But how can you maximise your vote to shift the tax system away from unproductive rent seeking? Which parties have the best policies to deter land speculation, and reduce wealth inequality from inflated land prices? Prosper has produced a brief policy scorecard for parties with […]

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The Monthly Discussion in April – IP Monopoly and publicly funding R&D

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What: Discuss + Debate + Drinks + Pizza When: Wednesday, April 24 Time: 6pm Cost: Free In a world of rapid technological development and innovation, how can the public ensure a fair return on Intellectual Property (IP) monopolies while furthering investment in R&D and technology? As time goes on, the advancement of technology sees the value of […]

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I need a pay rise. Something deep and structural…

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For our collective angst over Australia’s economic decline, wage growth is an indicator most dreadful. Look into the eyes of stagnating wages growth and see property markets crash, governments crumble, and hi-viz-vested citizens burning bankers in the streets. What the people need is a pay rise. Labour are putting a ‘living wage’ on their flagpole […]

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Andrews Government sells Land Titles Office for a $32m p.a. loss

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The Andrews government have privatised the Land Titles Registry this week on a 40 year lease for sum of $2.86bn. The Government claim that this exercise is to “fund new schools, hospital and transport infrastructure.” Let us be clear, this sale does not fund a thing. State government assets are not magic money trees that […]

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Downsizing the sacred cow? Pension Loans Scheme expanded

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Jenny is in her early 60’s and partially retired from a career as a nurse. She’s managed to hang on to acreage in regional NSW despite long periods at home with four kids. As she approaches retirement, she wonders how she can keep the property. Her meagre super balance along with the pension will not […]

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Prosper’s Northern Territory Revenue Submission

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The Northern Territory Government’s Revenue Discussion paper submissions have come to a close. Prosper’s Submission focuses on supporting the NT Government in shifting towards a broad based Land Value Tax and further improving existing Royalty arrangements. The submission is briefly summarised below. Facilitate the shift from Stamp Duty to Land Tax Stamp duties The NT […]

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Prosper’s 2018-19 Federal Prebudget submission

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The debate over tax policy in Australia has reached fairly mediocre levels. The best the Federal Government can muster is a company tax cut, which they intend to by stealth replace with income tax via bracket creep. Meanwhile the natural bounty of land is ever increasing in price via debt leveraging and population growth, worsening […]

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Does taxing investors drive up the rent?

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The Productivity Commission’s recent five year review, “Shifting the Dial”, brings the welcome recommendation of a shift from stamp duties to a broad-based land tax. Stamp duty is a dud tax from the economist’s point of view; it doesn’t achieve an obvious redistribution goal and is a disincentive to downsizers. Land value taxes by contrast, […]

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A Land Tax for the Top End?

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Amid recent GST distribution cuts of $400m p.a. (about 12% of revenue) and a flagging property market, the Northern Territory Government is facing severe fiscal challenges. The NT is the most stamp duty reliant government in the federation, and has been hard hit an inevitable correction in its housing market. Annual dwelling (predominantly land) prices […]

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What Australian really wants to lower house prices?

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by Jesse Hermans In an AFR op-ed this week , the Federal Member for Banks, David Coleman asks, “What Australian really wants lower house prices?” Australian’s are obsessed with housing, he writes. Everyone is piling into bricks and mortar. The value of property is three times the value of superannuation! The value of all Australian land […]

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