Latest News & Commentary
The Corruption of Economics
Mason Gaffney, Professor of Economics, University of California, Riverside The following is the introduction to Professor Gaffney's paper Neo-classical Economics as a Stratagem against Henry George, 5 July 1994. This paper formed the basis of a book: The Corruption of...
A Georgist Eye for a Neo-Classical Guy
By Fred E. Foldvary Fred received his B.A. in economics from the University of California at Berkeley, and his M.A. and Ph.D. in economics from George Mason University. He has taught economics at the Latvian University of Agriculture, Virginia Tech, John F. Kennedy...
Please Explain, Mr Brumby
Derived from the presentation by Lev Lafayette at the Hume Global Learning Centre, June 28, 2006 Introduction Tonight I am representing Prosper Australia, an organisation which has, in various guises, been a part of Victoria for over one hundred years. One key...
Geonomics: A Summary for Newcomers
Karl Williams, former President, Prosper Australia Inc. 200 Word Overview Geonomics ('law of the Earth') represents a completely different way of looking at The Earth. Starting from the self-evident (but ignored!) principle that The Earth (land and natural resources)...
Income Tax: The Zero Option
Since the Howard government gained control of the Senate, we have been hearing numerous proposals for reducing the top marginal rate of income tax. The excuse is that high marginal rates reduce the incentive for wealth creation and encourage tax minimization. Let's...
Your Home: The Tax Haven That Never Was
SPIN: The Family Home is exempt from land tax. (And all the people shall say: Amen.) FACT: If home buyers don't have to pay land tax, they can afford higher mortgage repayments, hence higher prices. While the price of a house is limited by the cost of construction and...
IR Reform: Let Banks Collect P.A.Y.E. Tax
The Howard government's industrial relations agenda attacks the wages and conditions of workers as if this were the only way to reduce the cost of hiring. What about the administrative costs imposed by government? For example: If you become an employer, you must also...
Negative Gearing: Incompetence Or Conspiracy?
A rental property is said to be negatively geared if the owner's expenses (including mortgage interest and maintenance) exceed the rental income, so that the property makes an annual loss. If the tax system allows negative gearing deductibility, that loss can be...
IR Reform: Who Really Wins?
Who are the real winners and losers under the Howard government's industrial relations reforms? We think you can work it out for yourselves. Here are some hints: 1. If workers in firms with less than 100 employees have lost their protection against unfair dismissal...
IR Reform: Unmentionable Barriers To Job-creation
The Howard government's industrial relations agenda is supposedly about job-creation, as if the cost of labour — including wages and salaries, penalty rates and other perks, and the difficulty of reversing bad hiring decisions — were the last remaining barrier to full...
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