Australia experienced an increasingly gigantic bubble in land prices during the 1880s and the beginning of the 1890s, and the city of Melbourne became bubble-central. Michael Cannon provides an excellent account of the period in The Land Boomers. Henry George’s…
When: Thursday 26 May at 6:30pm Where: Level 1, 64 Harcourt St North Melbourne Presenter: Dr. Terry Dwyer Tax reform is hard yet the benefits are great. Australia can no longer afford to delay structural reforms. The Panama papers controversy…
Letters to the Editor As published in the AFR April 7th It is absurd to say switching from income tax to GST improves work incentives. Consumption equals income minus savings. A 20% GST is much the same as a 20%…
Letters to the Editor Australian Financial Review LAND BENEFITS The comment by Marcus Spiller (AFR 3-5 January, Our cities should be allowed to water their own green shoots) on why per kl charging for water was better than “property” taxes…
Renegade Economists podcast 292 As broadcast on 3CR, Wed June 5th, 2013 Listen to the show Subscribe to the weekly podcast Dr Terry Dwyer (former Treasury economist) continues the investigation into monopoly theory, discussing wasteful competition in what were once…
Regarding the recent ACT Liberal Party scare campaign against rates, Dr Terry Dwyer writes: Being fundamentally disinterested in political games but keenly interested in policy and good government (which, judging from Mr Slipper’s emails, sadly does not always seem to…
Letter to the Editor – Aust Financial Review Dr Terry Dwyer (Read Dr Dwyer’s Henry Review Submission) The Henry Tax Review has rightly acknowledged the fundamental economic principle that a tax on land (including resource) rents is the ultimate non-distorting…
The Business Council of Australia wants to raise GST in return for a halving of corporate tax rates in its latest Henry Review submission. This will increase the regressive rate of taxation upon the less privileged. With effective corporate tax…
This article was presented at a late 1980’s meeting prior to ACT self government and published in the Canberra Times. Terry Dwyer ACT finances will come from three sources – taxes, grants and borrowings. I do not propose to say…
The Australian Mr Michael Janda’s advocacy of land value taxation as a means of lowering the tax burden on both workers and entrepreneurs is well advised. As Adam Smith recognized, there are only three factors of production – land, labour…