Commentary

Will Company Tax Cuts Trickle Down or Trickle Up?

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By Catherine Cashmore The proposal to cut the company tax rate from 30% to 25% has received much media attention. We are repeatedly told it is needed to boost investment.  The rational follows that companies are more likely to invest in productivity if they don’t have to pay as much tax on their gross income.  It […]

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Trickle Up Economics: The Report

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Assessing the impact of privatized land rent on economic growth by Gavin R. Putland Executive Summary This report investigates the relationship of the land rent share of GDP with economic growth. Since the Second World War, there has been a negative correlation between Australia’s total land price and the rate of economic growth. The public […]

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A farmer’s plea

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  The Need for Economic Democracy by Mark Haywood   “Our planet is small at last, and we will not forever be able to seek prosperity in the impoverishment of others and the destruction of nature. Ecology compels us, finally, to ask if there is a decent future for any if there is not a […]

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If land prices escalate, wages must suffer

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In an interesting article in the Fairfax media today, purporting to provide the truth about declining wages in Australia, Jessica Irvine and Adam Gartrell fail to mention that David Ricardo, Adam Smith, JS Mill and Henry George had all said that land rent needs to be taxed away if wages and profits are to receive their […]

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Prosper’s Northern Territory Revenue Submission

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The Northern Territory Government’s Revenue Discussion paper submissions have come to a close. Prosper’s Submission focuses on supporting the NT Government in shifting towards a broad based Land Value Tax and further improving existing Royalty arrangements. The submission is briefly summarised below. Facilitate the shift from Stamp Duty to Land Tax Stamp duties The NT […]

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Proposed removal of Site Value rating option

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James Webster Parkdale, VIC 3195 March 7th 2018,   Dear DELWP, I object to key changes in the Local Government Act Review that undermine the revenue sovereignty of local Councils. I consider revenue sovereignty crucial to council’s political sovereignty. I strongly oppose the removal of Site Value Rating from the legislative framework on the grounds […]

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Victorian local government to ban site value rating?

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Local Government Rating Review submission  The two most thoroughgoing inquiries into Australian municipal rating have proven to be:- 1)     the 1965-1967 NSW Royal Commission on Local Government Finance and Land Valuation, under Justice Rae Else-Mitchell, and 2)     the 1989 Brisbane Committee of Inquiry into Valuation and Rating, under Sir Gordon Chalk. Both inquiries came out […]

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Prosper’s Victorian Budget submission

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Prosper Australia welcomes the opportunity to contribute to the 2018- 2019 Victorian budget. This submission focuses on the role of State Land Tax (SLT) in the design of an effective policy response to the housing affordability crisis. Prosper welcomes the Victorian Government’s emphasis on housing affordability. Efforts to dampen speculative demand, such as the Vacant […]

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Why universal basic income will fail

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By Akhil Patel It has become popular to suggest a Universal Basic Income (UBI) as a solution to growing inequity. But in its current form UBI will be a total failure. Not because the idea is a bad one, but because it ignores the law of economic rent. The idea of a UBI has a […]

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HomesVic: An equity share of a broken housing market

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Like most 30 somethings with a substantial HECS debt and an addiction to avocado on toast, I am an aspiring first home buyer. I’d love to buy the home I currently rent: a daggy 1960’s ‘six-pack’ flat on a main road in Footscray. It’s currently valued around $360,000. To put down a 20% deposit, I’d […]

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