If anyone needed evidence that we live in a plutonomy, here it is. Australian citizens would be rioting in the street if they understood this conspiracy.
BLOG: Federal Politics
Wage-earners subsidise land owners – again
The Gillard government today announced a levy on income taxes to pay for the Queensland floods: half a per cent on incomes over $50,000, one per cent on incomes over $100,000
Can a tax be beautiful?
The Senate Select Committee on New Taxes is pondering the implications of the Mineral Resource Rent Tax, holding a hearing yesterday in Perth. Here is a new tax measure that, even diluted for the election, will still raise over $10 billion a year. This is a beautiful...
Treasury to Gillard: “Fix Housing.”
photo credit: itmpa Last week Treasury made public its Red Book – the economic advice it gives to the incoming government. In it, Treasury lays out a big, bold reform agenda. On housing, the Red Book is scathing: “Access to adequate housing affects all Australians...
Australians should be very, very angry – we get no RSPT
This week’s backdown by the federal labor government on the Mineral Resource Rent Tax will cost Australian taxpayers $35 billion over the next ten years. The shortfall in government revenues will be made up from taxes on work and taxes on business. That means it is...
Mining Democracy
photo credit: Urban~Spaceman Miners finally agree to tax reform. What are the changes? The attempt to harness economic rents for the public good has been renamed from the Resource Super Profits tax to the Mineral Resource Rent Tax. The MRRT kicks in at the...
Has our Prime Minister been replaced to suit the overseas shareholders of BHP and Rio?
“Gillard must come out strongly and call the lobbyists for who they are. She must assert control over the RSPT rather than negotiate with each and every individual company.
Dr Henry wants you to read his Tax Review. Really, Really.
photo credit: raminders We follow the glitter of celebrities and our football teams and let others do the dull work of government. Our dreams are about homes, cars and holidays. But sometimes an issue is so important it deserves our undivided attention, if only...
Henry Review puts Land Tax on the Agenda
photo credit: anarchosyn The Henry Tax Review’s highlighting of Land Tax as a policy direction is a welcome and encouraging development, says Prosper Australia. “This is THE tool to liberate the people of Australia from their current financial difficulties,” Prosper...
Tax reform is hard and dreary work.
photo credit: Cayusa Tax reform is hard for government: losers complain loud and long, while those who will benefit are suspicious and silent. We should be angry as hell about the tax system. It scoops up the earnings of the poor but merely nips at what the wealthy...