Latest News & Commentary
Container Homes to the Rescue?
Desperation in the housing market is leading to varied responses. The latest the Age has promoted is the Container Home phenomenon. Miners earning $100,000 have been forced into them in Port Headland and other fast growing mining communities. Now a company is...
The Gaffney Quantum Leap Effect
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 on the economy is in addition to or in excess of...
Rental Yield and Returns for All
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 attractive 5.5% for investors, CommSec's...
ABC TV on Canberra Land Rent proposal
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 pages: Canberra's Land Leasehold system (1910...
A Tax On Your (Vacant) Houses – Gavin Putland
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 let". If it included vacant...
Aussie News and Views
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 amended version is:...
Everybody Works but the Vacant Lot
What else need we say? Understand why making ends meet is such a challenge and what we can do about it.
Thomas Jefferson (1743 – 1826)
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 excluded from the appropriation. If we do not, the...
The Rent of Italy
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 that...
The Economics of Royalty
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 to believe that, in the 21st century in a...
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