public policy

Xenophon changes tune on super access

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Cycling into work yesterday I bumped into the good Senator Nick Xenophon. I had to yell out “No super access for First Home Owners”! He responded so I hit the brakes and we had a short chat. In good news, Nick said that he had changed his position: ‘I’ve been listening to the people’. We are relieved to hear this. […]

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COAG needs state sovereignty, not handout politics

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Press Release: Debate over GST split ignores bigger issue “The States should not be threatening to re-impose regressive taxes of the past, but be working with the Federal government to overcome the mis-information prevalent in a property obsessed economy,” stated Prosper Australia Project Director Karl Fitzgerald. “Treasurer Hockey is concerned at the tax avoidance of […]

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In favour of Land Tax

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Letters to the Editor Bryan Kavanagh Glen Waverley 13.04.2015 The expected backlash to “A tax on land would be fair, efficient and unpopular” (Comment, 8/4) has arrived (Letters, 9 and 10/4). The wealthy will cry crocodile tears for asset-rich, income-poor people. Jessica Irvine did not say we should kick oldies out of their homes but […]

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Economic rents subsidise taxes on capital

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Following the recent Treasury submission to the Federal government’s Tax White Paper, which highlighted the positive marginal excess burden of Land Tax, is a more detailed analytical paper from Treasury using extensive modelling to report on the incidence and efficiency of major taxes in Australia. The report states: Our estimates of the additional welfare cost […]

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OECD’s Housing Concerns

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Yesterday’s OECD Economic Survey of Australia pinpointed key areas of risk.   As Philip Soos and Paul Egan showed today in their 21 chart pack, Australia’s land bubble and accommodating credit cycle opens the economy to incredible risk. But the Abbott government has yet to even add housing affordability to their todo list. The OECD’s no1 […]

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Prosper says easy credit, soft taxes fuel house bubble

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Our Senate submission quoted extensively in the AFR today by NICK LENAGHAN Australia is facing a “land bubble” driven by cheap debt and a tax system that encourages property speculation, lobby group Prosper Australia has warned a Senate inquiry into ­housing affordability. The NGO group, which focuses on economic justice, called on the inquiry to […]

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Freebairn: engaging States in tax reform

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Press Release Last night Professor John Freebairn gave a passionate speech at the 123rd Annual Henry George Commemorative Dinner, on the difficulty of meaningful tax reform. “The problem is we don’t have a Paul Keating or a Peter Costello who is willing to spend a year or two to explain why the current system is […]

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The Senate Housing Affordability Inquiry: Prosper’s submission

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Australia has blown a land bubble of immense size.  This troubling reality has finally come to the attention of the Senate and obliged it to examine the matter. Prosper Australia’s submission to the Senate Housing Affordability inquiry examines nine key economic measures of housing affordability and finds all at or near historic highs.  Rather than housing […]

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Harnessing Monopoly to Finance Government

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The Total Resource Rents of Australia report finds the complete removal of income, company and sales tax is possible by replacement with a tax on monopolies such as water trading, cyber squatting, taxi licenses and land. “Economists have for hundreds of years pointed to a more efficient system by harnessing the naturally rising value of […]

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