The warnings come thick and loud
photo credit: tm-tm On Sunday 9 October, The Sunday Age published an article by Chris Vedelago Buyers Nibble but No Big Bite. I would link, but can’t see it in The Age online. Here are the money quotes: “But a…
Category Articles
Land Tax to Win
photo credit: Domiriel Influential SMH Journalist Jessica Irvine today writes about the urgent need for Land Tax to be prioritised in Land is the Best Hope for Fixing the Tax System. Make sure you see the film Real Estate 4…
Why didn’t economists see Australia’s property bubble?
photo credit: h.koppdelaney By Philip Soos This article first appeared at www.theconversation.edu.au and is republished under Creative Commons. One aspect of housing and stock market bubbles continually repeats: the vast majority of economists either miss or deny their existence. In…
NSW Stamp Duty a foul and putrid mess
photo credit: dcmaster Barry O’Farrell was elected Premier of NSW in March this year. His first budget announced Tuesday raised a storm of protest – not over a realignment of government priorities to his conservative Coalition’s agenda, but on Stamp…
Tax: It’s a Sin!
photo credit: coba The taxing of alcohol allows slimy politicians to pound their chests about the damage the drug causes and claim high moral authority for sweeping the money into Consolidated Revenue. Slimy? Yes! Governments say alcohol taxes are a…
Disguised Increments
photo credit: Torley The Externalities Factor in Land Economics Leo Foley Leo is our guest speaker at our 120th Annual Henry George Commemorative Dinner, on this Thursday. This article was taken from Progress Magazine. Subscribe now for a free…
Overindulgence has its consequences.
There are currently 377,300 houses for sale across Australia, according to SQM Research data released today – up 21.9 per cent on last year. Why is this significant? Well, we have some 8.9 million houses. A quick back of the…
Lessons from Manhattan
photo credit: atomicshark “The devil is in the details.” German Proverb A fascinating paper on Manhattan real estate in the 1920-39 era shows why property went down, stayed down and didn’t recover in real terms until 1960. ‘Real Estate Prices…
Wall Street’s $13 Trillion Cover Story
photo credit: M J M Michael Hudson Free money creation to bail out America’s elite financial speculators, but not for Social Security or Medicare Only the “Crazies” Get the Bank Giveaway Right Kindly borrowed from Michael-Hudson.com Financial crashes were well…
How Financial Oligarchy Supplants Sovereignty
photo credit: George Laoutaris Will Greece Let EU Central Bankers Run Riot Over Sovereignty? Michael Hudson When Greece exchanged its drachma for the euro in 2000, most voters were all for joining the Eurozone. Their hope was that it would…