photo credit: chrisjohnbeckett With the housing bubble accelerating each day, sometimes you wonder if it is ever going to pop. Tim Colebatch has written a number of key articles of recent, including this one on negative gearing pointing out that…
photo credit: CoolValley A major tax battle is underway in Kansas City, Missouri. A petition to eliminate the city’s earnings tax worth $200 million a year has opened minds to the introduction of Land Tax. Read The Kansas City Star’s…
Huge land bank puts squeeze on buyers ‘We release land in a staged manner to meet demand because it would not benefit anybody to flood the market” said Stockland’s General Manager Andrew Whitson. Wouldn’t benefit anybody Andrew? Well perhaps it…
Consider these three points: Property developers have openly stated they are reducing the supply of property to the market in order to massage land banking profits: While some already owe more than their home is worth, the result of prices…
The Rudd Government has reviewed the tax system. The Henry Review came out strongly in favour of capturing economic rents for the common good. Read our analysis of the report here and here. The Rudd Government has written off any…
photo credit: elodole MICHAEL HUDSON Former Treasury Secretary Hank Paulson wrote an op-ed in The New York Times yesterday, February 16 outlining how to put the U.S. economy on rations. Not in those words, of course. Just the opposite: If…
The Brumby government’s ill-fated Growth Areas Infrastructure Tax was defeated in the Victorian Senate last evening. This spells the danger of poor land policy. Why did they attempt to charge $95,000 per hectare as a flat fee? Why wasn’t this…
Surprise! A new Age survey found that investors were concerned about the Henry Review’s proposed Resource Rent Tax: … a staggering 92 per cent believed that the higher taxes would hurt the share prices of resource stocks. Long-term effects were…
photo credit: xeeliz Our colleague Gavin Putland is quoted in this article by Leon Gettler: Predicting when the property bubble will pop is bad for your mental health PROPERTY bubbles suspend laws of supply and demand. In markets for widgets,…
It’s hard to keep up with Professor Hudson’s rapid fire work rate. Wash the dishes to these 2 key interviews. Guns and Butter – Obama’s Republican Class War Presidency – February 3, 2010 at 1:00pmClick to listen (or download) Guns…