The Andrews government is flying a kite today in The Age to gauge public opinion on removing conveyancing Stamp Duty and using State Land Tax instead. This initiative deserves thunderous applause. With many young Victorians now excluded from home ownership…
A letter in today’s Australian Financial Review by Dr Philipp Hoflin, a member of Lazard Asset Management’s equities team soberly expresses the discomfort among sharemarket investors about the Giant Australian Land Bubble. Property big short is long on price In…
Melbourne Domain Sunday went into shock and horror over the impact a proposed elevated rail would have on the selling prices of adjoining Carnegie properties. Area agents say the value of houses backing onto the rail line from Carnegie to…
Renegade Economists radio show #430 Read the show notes. Subscribe to the leading Georgist weekly podcast. Karl Fitzgerald: And welcome the Renegade Economist with your host, Karl Fitzgerald. And, my, oh, my, hasn’t it been in the news, negative gearing,…
Based on Michael Lewis’s 2010 book, The Big Short is a critically acclaimed film about Wall Street in the lead-up to the 2008 Global Financial Crisis. “This business kills the part of life that is essential, the part that has…
The Treasury Secretary John Fraser was recently found wanting in the Senate Economics committee on the most controversial tax in the country. When asked by Senator Peter Whish-Wilson what would happen to rents if Negative Gearing was removed, he provided…
Prosper Australia President Catherine Cashmore was interviewed by Michael Bleby in the weekend Australian Financial Review. The interview stepped behind the intrigue of Henry George and Land Value Tax. Some selected highlights: Economic thinkers don’t often draw large crowds, but…
Flinty Deloittes economist Chris Richardson and all-heart ACOSS chief Cassandra Goldie are on the same page today in the Australian Financial Review. Literally – page 47. Their tax policy prescriptions, now Malcolm Turnbull has ruled out increasing the GST, are…
Last week, Philip Soos announced Australia had achieved global leadership in an exciting new arena: “Australian households have more debt compared to the size of the country’s economy than any other in the world.” According to LF Economics, we seized…
Environment minister Greg Hunt, on behalf of the Turnbull government, is offering new language about ‘value capture’ – a fresh way to fund infrastructure using the uplift in land values from civic investment. From a speech to be delivered to…