The Brumby government's haphazard manner in dealing with Melbourne's 'urban sprawl forever' attitude is straining government revenues. The desperate actions following from this with the $95,000 Growth Areas Infrastructure Contribution (GAIC) are the result of the...
BLOG: Commentary
Economic Rent – Hudson
Hudson on Income Tax
Land Tax to Affordability
photo credit: kodama (home) Suburbs hit with land tax increase TAXPAYERS owed more than $227 million in land tax by the end of February - a 20 per cent increase since last year, Office of State Revenue figures reveal - with a Herald investigation finding that...
Chinese local government liquidity issues
photo credit: le niners Whilst we're looking at China and the fascinating powerplays of the economic superpowers, we read today that many of China's local governments are struggling to avoid bankruptcy. It turns out that local governments have been financing...
Chinese T-Bill diversification plan
photo credit: BK59 Chinese concern over it's status as the 'T-Bill Republic' is leading to a diversification tactic that could well assist us in our aim for the public to share in the spoils of our natural resources. Wenran Jiang writes in Online Opinion Another...
More budgetary distortions
photo credit: night86mare Fred Harrison will be proven correct with his apt title Boom-Bust 2010. With the Brumby government stepping up to the plate by offering further gravvy to the property lobby train with the $6000 increase in their First Home Owners grant,...
Swan Budgetary commentary
photo credit: atzu We are preparing a booming Renegade Economists radio show this afternoon with none other than Dr Gavin Putland critiquing the budget. The sad thing about the lack of knowledge between infrastructure and land values is that the Ruddites look like...
If you think our budget deficit is bad…
Watch the Federal Reserve being questioned about where the trillions in loans have gone since this bailout era exploded 8 months ago. Watch the woman to her right.
Two cheers for Ken Henry
by Gavin R. Putland A speech by Treasury Secretary Ken Henry on “The Future of State Revenue”, delivered on Mar.27, belatedly received some coverage in the Australian Financial Review on May 5. At one point Dr Henry said: Globalisation means that the things...