Economic depression for dummies Let’s say labour joins with capital and land to produce wealth, and that the locational rent of land arises as a by-product, simply from the existence of the surrounding community and its infrastructure. Say, for some reason or other,...
BLOG: Commentary
A bigger GST cements our place as a second class country
Australians have to endure waves of disinformation around the tax reform options before us. Every vested interest in the country is sharp-elbowing for advantage and the yelps of pain are deafening. GST is a vile tax because of who pays it. It does not matter whether...
Value Capture Variants
Last Thursday Catherine Cashmore and I addressed the Select Committee into the Scrutiny of Government Budget Measures. Read the Hansard transcription. We felt it important to put on the public record the various value capture mechanisms with commentary on their...
Senate Inquiry soon
Our latest Evolving Economics enews - sign up for the fortnightly news delivering the best insights on the tax system we simply have to have. Why settle for second best? Having trouble reading this newsletter? View it online. The enews of Prosper & Earthsharing...
Mike Nahan – the ‘roo in the headlights
Government reform is a grind. It chews up political capital and can destroy public careers in a moment. Change provokes furious responses from vested interests while those who gain are dispersed and ungrateful. WA Treasurer Mike Nahan has solved this problem at a...
The Right to Collect the Rent
by Phillip Anderson Editor, Cycles, Trends and Forecasts NARITA, JAPAN:- This week judges in the UK ruled that Uber can continue operating. The judges decided Uber’s smartphone app is not a taxi meter. The app is what connects user to the drivers. Under British law,...
Monopoly rents on notice
The last few weeks have seen more good news in support of our objectives for economic justice. Monopoly rents have been called into question in a variety of different guises. Yesterday Peter Orszag (Obama's budget czar) was in Australia for a conference and was quoted...
Prosper recommended council candidates
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Putting Right Price on Infrastructure
The editorial for the Australian Financial Review summed up Malcolm Turnbull's push for value capture so well we had to share it with you: Malcolm Turnbull doesn’t just ride on trains, he understands that they are the arteries of a modern city. This insight is clearly...
The good ol’ boys clean up
Fairfax’s Michael Pascoe writes today about Murray & Frijters’ study Clean Money in a Dirty System: Relationship Networks and Land Rezoning in Queensland which found politically connected developers gained $410 million through favourable rezoning decisions in Brisbane...