photo credit: ~Brenda-Starr~ Letter to the Editor - AFR 25/05/2010 Bryan Kavanagh, Glen Waverley Ross Garnaut and Ken Henry are undoubtedly correct about the benefits of the so-called super-profits ‘tax’ on miners. It’s actually a resource rent and acts vastly...
BLOG: Commentary
The Counter-Enlightenment
Michael Hudson The Counter-Enlightenment, its Economic Program – and the Classical Alternative Based on a talk given to Prosper Australia on Friday October 16th, 2009. First published in Progress Magazine - Autumn 2010. Download Progress #1096 here. The last few years...
Hurrah for Garnaut on Resource Rents
photo credit: Ben Golub With Don Argus (former BHP Chair), Judith Sloan (former Santos Director) & Andrew Forrest (vested interest) banging their fists on the table this week, scaremongering the public - 'How Dare They Threaten My Investments, My Profiteering from the...
The New Resources Tax Reduces Mining Risk.
photo credit: jcarter The Commonwealth of Australia was built on the sound principle natural resources are part of every Australian's endowment. The Henry Tax Review recommended and the Rudd government has accepted a new tax system for mining that builds on this...
Like Gold in a Coal Mine
photo credit: 10b travelling Clear-eyed media commentary in the national interest is rare and sweet. Alan Mitchell's analysis of the Henry Tax Review in the Australian Financial Review - A tax on all your economic rents - is such a creature. He opens with a...
Dr Henry wants you to read his Tax Review. Really, Really.
photo credit: raminders We follow the glitter of celebrities and our football teams and let others do the dull work of government. Our dreams are about homes, cars and holidays. But sometimes an issue is so important it deserves our undivided attention, if only...
Henry Review: what about the land tax recommendations 51 to 54?
photo credit: Troy McClure SF Gavin R. Putland Published in today's Crikey In contrast to the Henry report's advice that payroll tax be eventually abolished (recommendations 55 and 57), the Rudd government has decided to increase its own payroll tax. No, really....
Henry Review Excellence
Ken Henry and his team's hard work looks to have paid off. Initial readings show the undeniable truth that land based taxes are the most efficient taxes. Look at the attached graph (via KPMG, not Henry) showing that The Resource Rent Tax, Municipal Rates and Land...
Expensive land is changing the shape of Australia.
photo credit: Zach K The Melbourne versus Sydney rivalry has been reignited - Melbourne’s population is growing faster and is projected to overtake Sydney by 2037, a new report predicts. Going Nowhere, a report by BIS Shrapnel for a property developer lobby group,...
The Tide Turns. The Media Awakes.
photo credit: midlander1231 For too long, the media eagerly reported the property spruikers’ claim ‘prices only go higher’. This ‘truth’ turned homeowners into speculators and led a whole generation of first home buyers to commit to enormous mortgages they will only...