As the Fairfax papers reported on April 14, the NSW government has rejected yet another recommendation to replace conveyancing stamp duty by a broad-based land tax. That is the effect of the "stamp duty replacement tax" recommended on page 13-4 of the Lambert...
BLOG: Commentary
Housing Industry Ploy
“the results of the CIE study do not allow an assessment of the relative inefficiencies of each tax.”
When discussing the efficiencies of taxation, surely the inefficiencies must be counted too!
Land price too high
From the Canberra Times 5 April 2012. Your article “Capital’s housing prices highest in the country” (April 3, p1) was missing one very important word – land. As we move toward Canberra’s centenary celebrations it is time to reflect on the great wedge that is driving...
Trusting the Murdocracy
photo credit: Lee Carson The term corporate espionage has been taken to a new level in what surely ranks as a more significant than the phone hacking scandal.The revelation that News Corporation, via its News of the World Paper, hired a covert hacking team called NDS...
Privatisation and Public Finance
photo credit: Peter Blanchard The failure of both sides of politics to understand the role of effective public finance is undermining Australia's future. Stamp duties in Victoria are plummeting, undermining the Baillieu government's determination to deliver a budget...
How Our World Works
The Basics in 4 Easy Lessons Tuesdays in April starting on the 3rd, 6 - 8pm Presenter: David Brooks 1/27 Hardware Lane, Melbourne Free event - RSVP You are invited to a free course presented by Prosper Australia's David Brooks on the basics to economics. "Let no man...
Was Lloyds Bank the ONLY silly lender in Australia?
Lloyds Bank is selling a $2.1 billion book of bad Australian commercial property loans and expects to take a fifty per cent haircut. There is more. Morgan Stanley is alleged to have bought a Lloyds’ Gold Coast loan book with a face value of $700 million for between 30...
House prices are falling – somewhere else
The land market is totally ‘gamed’ by spruikers spouting charming but misleading anecdotes and snippets of information, merely to foster ‘confidence’ and keep the mammoth Ponzi scheme going – even in a falling market.
Wayne Swan on the Privilege of the 0.01%
Treasurer Wayne Swan has posed a challenging question to Australian society with his piece in The Monthly, asking 'are we willing to allow the elite to control our economic policy, democratic processes and now our freedom of the press?' A battle is underway to avert...
Office Manager – Job Opportunity
After over a decade of tireless work, our office manager, Anne Schmid is retiring. We have advertised the job as follows: Office Manager Employer: Prosper Australia Work Type/s: Part Time Location: Melbourne Prosper Australia is a lobby group with a long history in...