Liberate labor and enterprise
The reform challenge for our beloved country is to discard the taxes that weigh on effort and creativity, and to put them instead on economic rents, like land and mining.
Tag housing affordability
Australia’s world-beating real estate
A soundly-based Land Value Tax to reduce the taxes on labor and enterprise would restore the rewards to effort and propel the economy forward like a rocket.
We wont listen to our own experts, how about a foreign one?
photo credit: Express Monorail Australians have a disturbing mind-set: we prefer foreign experts over our own. People like Steve Keen and Gavin Putland make waves overseas with their valuable commentary on The Great Australian Housing Bubble, but are ignored at…
The pain in falling land prices
photo credit: Travis S. The US housing market is a living hell. Homeowners are being boiled alive. The price of land was bid up to staggering multiples of incomes, until it no longer made sense to buy a house. And…
Eurozone: ignore land prices at your own peril!
With the sounds of despair rioting through the streets of Greece, Spain, Ireland and others who no longer have the ability to fund themselves, it is a sign of the times that even the IMF is pushing for improved tax…
Be bold, Mr Baillieu: abolish Stamp Duty and Payroll Tax
photo credit: djking To win the election, the new Victorian Premier Ted Baillieu pledged to phase in reductions in Stamp Duty by fifty per cent on real estate transactions under $600,000 for first home buyers. This is a very modest…
Will ninjas burst the Great Australian Housing Bubble?
photo credit: The Library of Congress Only when the tide goes out do you discover who’s been swimming naked. Warren Buffett In the US housing bubble, banks and financiers gave a mortgage to anyone with a discernable pulse. NINJAs (No…
Mr Presley has left the stadium.
photo credit: RR and Camera At the peak of his career Elvis Presley was so popular audiences would sit and clap at the end of the night, demanding encore after encore. They couldn’t get enough. The only way to end…
Guardian, Labor on UK LVT Push
photo credit: Apogee Photography In today’s Guardian via Mark Braund, author of The Possibilities of Progress (available in our bookshop), summarises the rising impetus of LVT in UK politics. As a long-time supporter of land value taxation (LVT), it’s encouraging…
Australia’s AAA credit rating affirmed. How’s yours?
i photo credit: Susanica The credit rating agency Standard & Poor’s overnight reaffirmed Australia’s AAA rating. Donald Horne’s 1964 label ‘The Lucky Country’ was ironic, yet fits our unique position as the western world endures its worst financial crisis since…