economic rent

2019 Federal election policy comparison

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The 2019 Federal Election is only a few days away… But how can you maximise your vote to shift the tax system away from unproductive rent seeking? Which parties have the best policies to deter land speculation, and reduce wealth inequality from inflated land prices? Prosper has produced a brief policy scorecard for parties with […]

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The Monthly Discussion in May – Who Owns Outer Space?

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What: Discuss + Debate + Drinks + Pizza When: Wednesday, May 29 Time: 6pm Cost: Free “The Earth is the cradle of humanity but mankind cannot stay in the cradle forever” -Konstantin Tsiolkovsky Private companies are actively promoting plans to mine in Outer Space, and for the first time, these are seeming not far-fetched, but probable.  Thus, […]

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I need a pay rise. Something deep and structural…

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For our collective angst over Australia’s economic decline, wage growth is an indicator most dreadful. Look into the eyes of stagnating wages growth and see property markets crash, governments crumble, and hi-viz-vested citizens burning bankers in the streets. What the people need is a pay rise. Labour are putting a ‘living wage’ on their flagpole […]

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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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Australia: you’re being ripped off MERCILESSLY!

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by Bryan Kavanagh “The more tuned out the general population, the more James can get away with his Game before voters notice.” A full house for the Melbourne book launch by co-author Dr Cameron Murray of the “Game of Mates: How Favours Bleed the Nation” at RMIT’s Francis Ormond Building on Friday. I’ll let people […]

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Turnbull Government prepares to squib on PRRT

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The Petroleum Resource Rent Tax has been a successful revenue-sharing device since 1987, delivering well over $33 billion to Consolidated Revenue, derived entirely from the economic rents of resource extraction with no harm to producers. It has never deterred exploration or hindered output. Treasurer Scott Morrison commissioned a Treasury review by Michael Callaghan into why […]

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Australia’s democracy destroyed – for thirty pieces of silver

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Matthew Stevens, the AFR’s kindly mouthpiece for big miners, is today promoting a range of very bad ideas that suit his, ahem, audience. The article is paywalled from sheer embarrassment. He lauds the political destruction of WA Nationals’ leader Bernard Grylls for wanting to raise the 25c a tonne royalty on WA iron ore to […]

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Who will fight Oil&Gas in Australia’s national interest? The boxing ring is right here…

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Craig Emerson, principal architect of Australia’s Petroleum Resource Rent Tax, is out in the AFR today fighting for good taxes and sound economics. For thirty years, the PRRT had been a successful revenue-sharing device, delivering well over $33 billion to consolidated revenue, derived from the economic rents of resource extraction and thus causing no harm. […]

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This government wouldn’t fight for a trillion dollars

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Treasury is asking why the Petroleum Resource Rents Tax collects only a fraction of the revenues it could. Actually, they know exactly what is wrong, but need public consultation in case someone has a bright idea to fix this broken tax without conflict. There are billions of dollars involved. If government wants the money, a […]

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The Hidden Role of Rent

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Fred Harrison summarises the various studies analysing the role of economic rents and why it is hidden from economic analysis. The interview is conducted by Andy Mazzone (Henry George School of Social Studies) as part of the Smart Talk series.

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