This post was adapted from our e-news service. Sign up on the right hand side of the home page for a bi-monthly email. These certainly are exciting times to be advocating an alternative economic framework. We see thoughout the EU…
"The greatest source of redistribution to the rich occurs through the land market, which is usually the largest tangible market in modern economies."
Victoria’s Taxi Industry Inquiry headed by Allan Fels is a breath of fresh air to a monopoly riddled area that overcharges passengers and keeps drivers in poverty. We wrote about the inquiry – Taxi! Tax Me! – back in February.…
PM Gillard’s defiant speech to the Minerals Council of Australia yesterday – asserting national ownership of our mineral wealth and the country’s right to a share of the bounty being dug up and shipped out – was good politics, good…
In his second budget, Victorian Treasurer Kim Wells is aiming for a surplus of $155 million, of which $109 million is due to increased fines. The Government has budgeted for $662.5 million in total fines, including $306 million from road-safety…
Bryan Kavanagh blogs at thedepression.org.au His latest tirade nails rentiers and land speculators. Many attempts to analyse the cause of the GFC contain more than a grain of truth. The vast majority, however, provide no useful hint to a remedy.…
From the Canberra Times 5 April 2012. Your article “Capital’s housing prices highest in the country” (April 3, p1) was missing one very important word – land. As we move toward Canberra’s centenary celebrations it is time to reflect on…
Philip Soos’ latest withering attack on privilege from The Conversation today. Over the last year or so, the Occupy movement has garnered wide attention, with people of all backgrounds gathering to protest the deteriorating social conditions. However, these grievances have…
Citizens retreat confused when talk turns to Economic Rents. The taxi industry is an excellent example of how assets granted by government create economic rents – at the expense of the wider community. There are 5181 taxi licences in Victoria,…
Australian land prices are falling. They will continue to fall until their fundamental economic link to incomes and rents are fully restored. Many with large mortgages will be crushed by these towering liabilities when their equity is erased. This claim…