photo credit: Urban~Spaceman Miners finally agree to tax reform. What are the changes? The attempt to harness economic rents for the public good has been renamed from the Resource Super Profits tax to the Mineral Resource Rent Tax. The…
When You've Paid Your Rent, You've Paid Your Way View more presentations from Prosper. Following Gavin’s recent presentation, we thought those of you who missed it might find this of interest. Flick through the 6 slides according to the audio…
photo credit: Gary Denness Harold Mitchell, advertising supremo, summed up the mood that led to Kevin Rudd’s downfall, as quoted in the AFR, 23 June: It is an ‘amazing fact’ that ‘ordinary people on the street are barracking for five…
photo credit: karola riegler photography Thursday June 24th 7pm, 1/27 Hardware Lane Dr Gavin Putland The powerpoint and audio have been uploaded here Australia’s residential land prices, commonly but incorrectly conflated with “house” prices, started falling in 2008. Having seen…
photo credit: Yuga. The government must focus on the rate of return between those who benefit from economic rents and those that are entrepreneurial. The Age reports today: …a Senate estimates committee was told the average profit in mining was…
photo credit: funadium Yesterday’s ABS release of a 14.8% fall in seasonally adjusted building approvals shows that property insiders understand that a crash is coming. If not them, then the banks curtailing credit for housing is another signal that housing…
photo credit: ~Brenda-Starr~ Letter to the Editor – AFR 25/05/2010 Bryan Kavanagh, Glen Waverley Ross Garnaut and Ken Henry are undoubtedly correct about the benefits of the so-called super-profits ‘tax’ on miners. It’s actually a resource rent and acts vastly…
Michael Hudson The Counter-Enlightenment, its Economic Program – and the Classical Alternative Based on a talk given to Prosper Australia on Friday October 16th, 2009. First published in Progress Magazine – Autumn 2010. Download Progress #1096 here. The last few…
photo credit: Ben Golub With Don Argus (former BHP Chair), Judith Sloan (former Santos Director) & Andrew Forrest (vested interest) banging their fists on the table this week, scaremongering the public – ‘How Dare They Threaten My Investments, My Profiteering…
photo credit: Adam_T4 Michael Hudson and Shann Turnbull* Confronted by the global financial crisis that is burying foreign economies deeper in debt deflation each month, Australia needs to protect itself – indeed, to liberate itself from as many costs…