Latest News & Commentary
Judgement Day arrives for illegal foreign buyers
reposted from Macrobusiness by Leith van Onselen Today is 1 December, which means that the amnesty on illegal foreign buyers of Australian residential real estate is over and the Government’s new penalty regime comes into effect. From today, a foreign national that...
An obituary
RIP Australia Australia was not overrun and defeated. It became dead at heart, and the rot and canker spread to its extremities. Federally, proportional representation elected only the Senate, because rent-seekers who divided and ruled the nation charged that...
Love to hear Bob Dylan sing this
Blowin' in the wind Why must we be fined with tax, for workin’ for the nation? Yes, ‘n’ how much time will it take before … we’ll quit our occupation? Why won’t we turn where the tax breaks are, in real ’state speculation? The answer, my friend, is blowin’ in the...
We the Selectorati
Some advice Once you've understood that you’re only on this planet for a short period, certain things should become clear to you. Namely, there’s only a few people who are life's winners; the vast majority will die losers. Whilst workers and capitalists are both...
Select Committee on Value Capture: Public Education campaign vital
Following our Parliamentary submission, Prosper Australia was asked to appear at the Select Committee into the Scrutiny of Government Budget Measures - 05/11/2015. The transcript is now available. Transcript via Hansard CASHMORE, Miss Catherine, President, Prosper...
Land Tax Benefits Build
The chorus continues to grow for the inclusion of Land Taxes in the national tax debate. Economics editor for The Age Ross Gittins advocates his support for Land Tax in How to fix everything: Why? Partly because GST is a regressive tax, whereas land tax is...
Economic depressions 101.0
Economic depression for dummies Let’s say labour joins with capital and land to produce wealth, and that the locational rent of land arises as a by-product, simply from the existence of the surrounding community and its infrastructure. Say, for some reason or other,...
A bigger GST cements our place as a second class country
Australians have to endure waves of disinformation around the tax reform options before us. Every vested interest in the country is sharp-elbowing for advantage and the yelps of pain are deafening. GST is a vile tax because of who pays it. It does not matter whether...
Reform Agenda Machinations
Published as The Planned Obsolescence of the Public Interest in Online Opinion A fascinating power play continues in the debate over vertical fiscal imbalance. The strategic intent is prevalent from federal to local politics, where the health of the public revenue...
Value Capture Variants
Last Thursday Catherine Cashmore and I addressed the Select Committee into the Scrutiny of Government Budget Measures. Read the Hansard transcription. We felt it important to put on the public record the various value capture mechanisms with commentary on their...
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