If land prices escalate, wages must suffer

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In an interesting article in the Fairfax media today, purporting to provide the truth about declining wages in Australia, Jessica Irvine and Adam Gartrell fail to mention that David Ricardo, Adam Smith, JS Mill and Henry George had all said that land rent needs to be taxed away if wages and profits are to receive their […]

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Prosper’s Northern Territory Revenue Submission

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The Northern Territory Government’s Revenue Discussion paper submissions have come to a close. Prosper’s Submission focuses on supporting the NT Government in shifting towards a broad based Land Value Tax and further improving existing Royalty arrangements. The submission is briefly summarised below. Facilitate the shift from Stamp Duty to Land Tax Stamp duties The NT […]

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To a Fair Share of Nature’s Rent

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An excellent new video commissioned by Bryan Kavanagh, explaining how a fairer economy must include sharing the naturally rising value of natural resources.

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Proposed removal of Site Value rating option

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James Webster Parkdale, VIC 3195 March 7th 2018,   Dear DELWP, I object to key changes in the Local Government Act Review that undermine the revenue sovereignty of local Councils. I consider revenue sovereignty crucial to council’s political sovereignty. I strongly oppose the removal of Site Value Rating from the legislative framework on the grounds […]

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Victorian local government to ban site value rating?

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Local Government Rating Review submission  The two most thoroughgoing inquiries into Australian municipal rating have proven to be:- 1)     the 1965-1967 NSW Royal Commission on Local Government Finance and Land Valuation, under Justice Rae Else-Mitchell, and 2)     the 1989 Brisbane Committee of Inquiry into Valuation and Rating, under Sir Gordon Chalk. Both inquiries came out […]

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The Monthly Discussion

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  Geo-libertarianism: Across the left-right divide When: Tuesday March 6 Time: 6pm Where: Level 1, 64 Harcourt St, North Melbourne Presenter: Ed Dodson (USA) Cost: Free. All welcome. Here is the video stream of the event. Excuse the skipping frames. Audio good!   Come along for the March instalment of our regular discussion night. If […]

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Prosper’s Victorian Budget submission

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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 […]

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Why universal basic income will fail

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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 […]

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America’s Tollbooth Future?

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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 […]

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Packer’s paradise: another land grab

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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. […]

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