Prosper’s Victorian Budget submission

on

Prosper Australia welcomes the opportunity to contribute to the 2018- 2019 Victorian budget. This submission focuses on the role of State Land Tax (SLT) in the design of an effective policy response to the housing affordability crisis. Prosper welcomes the Victorian Government’s emphasis on housing affordability. Efforts to dampen speculative demand, such as the Vacant […]

Read More

Why universal basic income will fail

on

By Akhil Patel It has become popular to suggest a Universal Basic Income (UBI) as a solution to growing inequity. But in its current form UBI will be a total failure. Not because the idea is a bad one, but because it ignores the law of economic rent. The idea of a UBI has a […]

Read More

America’s Tollbooth Future?

on

The Trump administration has promoted the need to harness the windfall gains property owners enjoy when infrastructure is built in close proximity. The Legislative Outline for Rebuilding Infrastructure in America includes the following section: C. Transit 1. Require Value Capture Financing as Condition of Receipt of Transit Funds for Capital Investment Grants (A) Federal programs […]

Read More

Packer’s paradise: another land grab

on

James Packer has teamed up with Robert de Niro to push an exclusive resort on the paradise island of Barbuda (Antigua). Our interviewee is Barbudan Teckla C Negga Melchior, who tells the story from the perspective of an anthropologist with a strong understanding of the process of law via her experiences at the United Nations. […]

Read More

HomesVic: An equity share of a broken housing market

on

Like most 30 somethings with a substantial HECS debt and an addiction to avocado on toast, I am an aspiring first home buyer. I’d love to buy the home I currently rent: a daggy 1960’s ‘six-pack’ flat on a main road in Footscray. It’s currently valued around $360,000. To put down a 20% deposit, I’d […]

Read More

Prosper’s 2018-19 Federal Prebudget submission

on

The debate over tax policy in Australia has reached fairly mediocre levels. The best the Federal Government can muster is a company tax cut, which they intend to by stealth replace with income tax via bracket creep. Meanwhile the natural bounty of land is ever increasing in price via debt leveraging and population growth, worsening […]

Read More

OECD tries to do the impossible

on

  3 January 2018 International Co-operation and Tax Administration Division OECD/CTPA Dear Ladies and Gentlemen,           Circumvention of Common Reporting Standards (CRS)   May I respectfully suggest that the OECD has set itself an impossible task in endeavouring to curtail circumvention of common international reporting standards. Just as national accounting and legal professions have […]

Read More

ABC Fact Checker on Renegades

on

Ben Phillips (ANU), one of Australia’s leading econometricians, joined the Renegade Economists radio show last week to discuss his report Regional Housing Supply & Demand. The report held a critical lense up to the ubiquitous supply side argument. Is it really the most effective housing affordability tool? We also discussed the future of economic modeling […]

Read More

Does taxing investors drive up the rent?

on

The Productivity Commission’s recent five year review, “Shifting the Dial”, brings the welcome recommendation of a shift from stamp duties to a broad-based land tax. Stamp duty is a dud tax from the economist’s point of view; it doesn’t achieve an obvious redistribution goal and is a disincentive to downsizers. Land value taxes by contrast, […]

Read More

From capitalism to rentierism?

on

Taxes on wages in Australia were fairly minimal until WWII, since which time they’ve been ratcheted up significantly. Federal taxes before the war consisted mainly of customs and excise charges and the federal land tax, introduced in 1910. The States and municipalities also levied land-based taxes. These played an important part in the development of […]

Read More
https://prosper.org.au/page/2/