Latest News & Commentary
Payback for marginal seat
The Andrews Government infrastructure jewel - the removal of level crossings - is already creating positives. Local agents say the removals, which will set the rail line below road level, will increase the desirability of properties in the immediate area and have a...
The land tax strumpets
Two organisations share the acronym PCA: the Property Council of Australia and the Prostitutes Collective of Australia*. One makes a useful civic contribution, the other is a bunch of filthy whores who will do anything for money and deserve universal condemnation for...
The great land banking scam exposed
by Cameron Murray Property development can be a dirty business, particularly when it comes to land-banking, which is the speciality of Australia’s largest developers. Land-banking involves the speculative buying of large parcels of land that are currently unsuitable...
Funding for research into economic rents vital
Last night saw the launch of the Prosper Australia Research Institute. A vibrant crowd attended our LSX headquarters to hear the detail behind Prosper's new deductible gift recipient entity. This was an important historical event with a sense of timing. 77 years...
Attention Joe: Not All Taxes Are Equal
Cross Posted from Warwick Smith at The Guardian Joe Hockey recently said “I don’t like higher taxes; I am philosophically opposed to higher taxes … because if you increase taxes you’re just collecting someone else’s money.” As usual, the reality is not as simple as...
Treasurer Hockey supports ending stamp duty for land tax
PRESS RELEASE 19 May 2015 MELBOURNE:- Federal Treasurer Joe Hockey has endorsed moves by South Australia to abolish Stamp Duty and replace it with a nil exemption, broad-based land tax. He said the cost of an annual land tax would likely be less in the long term than...
Australia’s land price conundrum
by Bryan Kavanagh reposted from On-Line Opinion Whilst in Newgate Prison (1827-1830) for the abduction of heiress Ellen Turner, Edward Gibbon Wakefield had a great idea. If you kept land prices high in the new British colonies, people could be forced to work like...
Budget deadweight, Prosper happenings
Join our fortnightly enews on all things evolving economics. Read past editions. Share with your friends! Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing Australia MAY 2015 Gratis Tech Crash 101 Our deepest apologies...
WA budget wins Golden Banana Award
West Australia's Barnett government has just handed down its budget. It is the ugliest baby I have ever seen. The AFR reports: All key financial measures have been blown apart in the state budget, with net debt (above $30 billion) cash deficits (above $5 billion) and...
Maintain Compulsory Voting
Lynn Friedman via Compfight Letters to the Editor 14th May, 2015 Herald Sun Let's hope those clamouring for election reform here take a good look at the UK result. One party now has 51% of the seats from 36.9% of the vote. As voting is voluntary, only 66.1% of those...
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