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…
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…
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…
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.…
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…
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.…
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…
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…
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…
photo credit: Congratulations Citizens! The Economist says your home is the most expensive among the advanced countries we generally compare ourselves with. Before you puff out your chest in pride, consider what this means. Mortgage repayments are the heaviest in…