Fred E. Foldvary In economics, the waste of resources caused by a tax has two names. One is the “deadweight loss,” a loss to the economy with no offsetting gain. The other name is the “excess burden,” since the burden…
Today’s Age Artice Higher Rentals Seen as Spur for Investment by Chris Vedelago is a good prompter to peer behind the curtains of rental yield. Despite the headline quoting a new report saying that gross rental yields are at an…
Interesting developments in Canberra can be tracked via this ABC report: Buy the house, rent the land: ACT’s new housing plan. As many will know, it’s not the first time this has occurred. Read one of our most popular web…
Letter to the Age Thursday June 26th WHEN we hear that the rental vacancy rate is less than 1% (“$155-a-week Lalor ‘shack’ highlights rental crisis”, The Age, 25/6), we need to remember that this figure includes only dwellings offered “to…
Geoff Forster The International Union for Land Value Taxation is launching a campaign to modify the UN Declaration of Human Rights. Article 3 at present reads: Everyone has the right to life, liberty and the security of person. The proposed…
What else need we say? Understand why making ends meet is such a challenge and what we can do about it.
Famous Quotes “The earth is given as a common stock for man to labor and live on. If for the encouragement of industry we allow it to be appropriated, we must take care that other employment be provided to those…
A grasp of economic rent is vital to understanding geoism and the path to social justice and environmental sanity. Short definitions are helpful but limited – the return to privilege; a free ride at society’s expense; unearned increment; excess profits…
Karl Williams, Editor of Progress Magazine What I’m about to write here would almost certainly land me in jail if it were written in Thailand. I’m about to criticize its monarch, King Bhumibol. Yes, dear reader, it may be hard…
Robert J McAlpine, President Prosper Australia The time for thinkers on economic matters has come! By neglecting the field of property valuation, mainstream economists have missed some of the most important factors in market price determination There exists an almost…