Karl Fitzgerald

Progress Prosper

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The latest edition of Progress is out! Each May we celebrate the anniversary of the magazine. This is the 115th year the magazine has been in operation. If you would like a digital copy emailed to you sign up below. Become a member to receive a physical copy. Here is the editorial. Recent Prosper news includes […]

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The Hope of Economic Growth

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The narrative of endless economic growth delivering society’s needs is questioned by this revealing graph on the classical components of GDP, released in Prosper Australia’s Trickle Up Economics report. The national accounts provide detailed analysis of who gets what. But when the gross figures are broken across the three factors of production, the streamlined perspective […]

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Victorian Budget Formula

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Read our Victorian budget submission for further detail on the following issues. A first glance at the Victorian State Budget sees an election year budget, light on reform, big on expenditure. The billowing Victorian land market underpinned most of the spending, with $7.1 bn in stamp duties alone. Some say that the property sector was […]

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To a Fair Share of Nature’s Rent

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An excellent new video commissioned by Bryan Kavanagh, explaining how a fairer economy must include sharing the naturally rising value of natural resources.

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Prosper’s Victorian Budget submission

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Prosper Australia welcomes the opportunity to contribute to the 2018- 2019 Victorian budget. This submission focuses on the role of State Land Tax (SLT) in the design of an effective policy response to the housing affordability crisis. Prosper welcomes the Victorian Government’s emphasis on housing affordability. Efforts to dampen speculative demand, such as the Vacant […]

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America’s Tollbooth Future?

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The Trump administration has promoted the need to harness the windfall gains property owners enjoy when infrastructure is built in close proximity. The Legislative Outline for Rebuilding Infrastructure in America includes the following section: C. Transit 1. Require Value Capture Financing as Condition of Receipt of Transit Funds for Capital Investment Grants (A) Federal programs […]

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Packer’s paradise: another land grab

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James Packer has teamed up with Robert de Niro to push an exclusive resort on the paradise island of Barbuda (Antigua). Our interviewee is Barbudan Teckla C Negga Melchior, who tells the story from the perspective of an anthropologist with a strong understanding of the process of law via her experiences at the United Nations. […]

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ABC Fact Checker on Renegades

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Ben Phillips (ANU), one of Australia’s leading econometricians, joined the Renegade Economists radio show last week to discuss his report Regional Housing Supply & Demand. The report held a critical lense up to the ubiquitous supply side argument. Is it really the most effective housing affordability tool? We also discussed the future of economic modeling […]

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Australia’s economic trajectory

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An article has been doing the rounds – House of Cards – by Matt Burnie and Craig Tindale, that we highly commend. Rarely do articles array so much data in devastating order. There must be over 100 links highlighting the risky nature of our economic miracle from one industry after the other. Whilst the authors […]

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National land prices up $594 billion

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MEDIA RELEASE Wage growth suffers from record increase in Australian land prices. “The $593.7 billion uplift in land prices announced today is thirty times larger than total banking profits. The average annual gain has been around $180 billion, so to have an increase some $400 billion higher than normal shows just how much money has […]

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