Latest News & Commentary
Victoria puts its citizens first – a welcome change
The Andrews government will double the foreign property buyers' Stamp Duty surcharge and triple the State Land Tax surcharge in the forthcoming Victorian budget – evidence they well understand the damage rent-seeking creates and how to change behavior. Our very bad...
Warning to borrowers – ASIC protecting the control fraudsters
by Lindsay David reposted from Australia - Boom to Bust ASIC has the backbone of a chicken wing when it comes to enforcing the rule of law; this is widely recognised in Australia and resulted in a...
Cheap housing is good for business!
by Dr Gavin Putland reposted from grputland.com If you want to expand your business, you probably need to hire people. But you can't hire them unless they can afford to pay for housing within commuting distance of your business premises, out of wages that you can...
Launch reform
The move towards Land Tax reform continues with two supportive papers out in the last few days. Launch Housing has a proposal to fund domestic violence programs out of a vacant housing tax. This was inspired by recommendations from the Royal Commission into Domestic...
Challenging the banks
The Bernie Sanders-Hillary Clinton contest in the debates for Democratic Party presidential nominee is paring back to whether Main Street should challenge the Big End of Town. Sanders has questioned Clinton's judgment at least, in accepting $225,000 to speak...
If We’re Going to Pay Tax
"If we’re going to have to pay tax we should pay tax in the most efficient, the most reasonable and most equitable way." So said Fairfax journalist Michael Pascoe on this week's Renegade Economists radio show. Transcript Karl Fitzgerald: This week listeners we’re with...
It is still land, even underwater.
The High Court of Australia has affirmed the right of a west Tasmanian council to levy rates on the seabed. It is still land, even underwater. Council saw the land under eight marine farming leases as ‘rateable land’, Tasmania’s Valuer General declined to value them...
Metricon wins land-tax case – everyone loses
The national pastime of withholding land from use and enforcing scarcity has been boosted in the NSW Supreme Court when developer Metricon won a land tax case against the Chief Commissioner of State Revenue. Metricon successfully argued grazing a few cows to keep the...
Australia’s housing bubble and the road to private serfdom
by Philip Soos cross-posted from Independent Australia Banks, abetted by government, want you to keep getting crippling mortages to pay for vastly overpriced land, but the party can't last forever. Over the last 20 years, housing has developed a reputation as a...
HG Wells – feudal critique
By Karl Williams As part of the Geoists in History series: Key quotes: “The World State in this ideal presents itself as the sole landowner of the earth, with the great local governments I have adumbrated, the local municipalities, holding, as it were, feudally under...
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