Alan Kohler: Listen to George

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Cross-posted from Alan Kohler’s The Constant Investor, the 2nd time he has written about Georgism in recent years. Saturday was the 178th birthday of Henry George, who, in 19th century America, worried about inequality and puzzled over why technology was not delivering better results for working people, rather like economists and central bankers are doing today. […]

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Was it ‘debt’ or land price what done us in, Gov?

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Economists are very strange people.  Some of them say private debt doesn’t matter much, because banks simply act as intermediaries between people in the community who lend to each other, so that any private debt cancels out.  More realistically, other economists say that banks, by generating excessive debt, are responsible for the repetitive economic recessions […]

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The Toorak Times

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Toorak has been in the news – only 5 properties are currently publicly advertised for sale in the exclusive suburb, ensuring scarcity delivers daunting prices. The Domain wrote in glowing terms about a $7m profit on a tennis court held over 20 years. It is not uncommon for Toorak residents to own an adjacent property […]

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Changing the world

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What’s the problem? Class struggle? Population? Money? Debt? Banks? Something else? ‘Something else’ is more important than each of the others, but we always say it’s “too hard and will never happen!” And so we continue to plod along in an economic slough of despond, blaming this government or that government, for not taking this […]

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What silly kind of a tax raises no money?

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Overseas buyers of Melbourne real estate have had to pay a Foreign Purchaser Additional Duty since mid-2015. The tax raised $133 million last year, according to official figures released to The Age under Freedom of Information. The newspaper tried to suggest this tax is intended to peel money off outsiders, “a significant money-spinner for the […]

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Dear God, whose side are you on?

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Meander Valley Council in Tasmania will sell a family’s home at public auction in three weeks unless they pay their overdue rates. This reluctant display of the authority of government illustrates the limits and strengths of land title in Australia. The Examiner explains: “The owners of Chudleigh’s Melita Honey Farm have less than three weeks […]

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Is the Queen a Georgist? 126th Henry George Dinner with Phil Anderson

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Tuesday, September 5 from 6pm The Woolshed, Docklands Tickets via Eventbrite: $30 members; $50 non-members Join Prosper Australia at The Woolshed, Docklands for our annual gala dinner and address. Our speaker this year is Australian economist, businessman and internationally acclaimed commentator, Philip J Anderson. Phil is widely regarded as the foremost expert on business, real […]

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Philippines President: “I will tax you to death”

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Rodrigo Duterte attacked mining companies in his State of the Nation address to the Philippine Congress over their abuse of the country he leads. His concerns are threefold: • Environmental degradation • The export of raw ores without processing • Miners’ failure to share the revenues of resource extraction The Philippines is the world’s largest […]

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Greens discover the housing, tax and wealth reality

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The Greens have a new housing policy out. They begin with the high principle that all should have access to land then veer off with emotion at the tax rorts available to the wealthy. Everyone Needs A Home calls for an end to negative gearing, the Capital Gains Tax discount and proposes exchanging state-based Stamp […]

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West Gate Tunnel: Critical Infrastructure or Game of Mates?

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One of the games in the Game of Mates is the Public-Private-Partnership. PPP projects such as Citylink in Melbourne and the Cross City Tunnel in Sydney are financed and built by private consortiums with high, ongoing returns guaranteed by the government. In terms of how we pay for infrastructure, PPPs are essentially an accounting trick. […]

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