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BLOG: Commentary
The Hope of Economic Growth
The narrative of endless economic growth delivering society’s needs is questioned by this revealing graph on the classical components of GDP, released in Prosper Australia’s Trickle Up Economics report. The national accounts provide detailed analysis of who gets what....
Victorian Budget Formula
Read our Victorian budget submission for further detail on the following issues. A first glance at the Victorian State Budget sees an election year budget, light on reform, big on expenditure. The billowing Victorian land market underpinned most of the spending, with...
Will Company Tax Cuts Trickle Down or Trickle Up?
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...
Trickle Up Economics: The Report
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...
A farmer’s plea
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...
If land prices escalate, wages must suffer
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...
Prosper’s Northern Territory Revenue Submission
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...
Proposed removal of Site Value rating option
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...
Victorian local government to ban site value rating?
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) ...