wealth gap

Selling alleys and lanes: latifundia at work.

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Melbourne City Council is selling lanes to developers, according to The Age today. It makes a pretty penny, too, having pocketed $1.2 million from the sale of part of three lanes in the last 12 months alone. The article sparked an intense debate on the newspaper’s blog.  Sales are energetically supported by citizens disgusted by […]

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Dear Australia, the world is watching, waiting for our bubble to burst

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  photo credit: robertivanc The great property speculation game is over in America and Europe.  The music has stopped. Forty years of steadily increasing pressure has been released.  Houses are worth a fraction of what people paid in better times, while the giant mortgages they took on remain. Meanwhile, Australia parties on.  We play the […]

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Tax reform is hard and dreary work.

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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 make. That’s why the Victorian Treasury […]

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Creative Destructionism V Bailout the Destroyers

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photo credit: nflorence2012 How to avoid being caught short: US calls in old rules to shield its markets: The slumping financial markets have been rebounding steadily in the past month for several reasons, including regulatory and legislative decisions in Washington. The Dow Jones Industrial Average closed on Friday above 8000, a dramatic increase from the […]

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Rudd Bails out the Wealth Gap

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photo credit: mdumlao98 Prime Minister Rudd’s $10bn ‘economic security strategy’ is another blinkered response. A decade of record economic growth has done little for the aussie battler. Record prices for iron ore have cascaded into the deepest pockets in the nation, where hard working miners pay thousands of dollars in rent, soaking up much of […]

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2030, Affordability and Understanding

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Today’s report on the Melbourne 2030 urban growth boundary cries out for a comment from Prosper Australia members. Melbourne University academic Rob Moodie rolled out the usual suspects in recommending that dwellings per hectare improve on the urban fringe, that there be a smaller, more intense concentration of transport hubs and lastly, the latest bureaucratic […]

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Economics for Activists

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Tuesday evenings in May, 6.15pm – 8pm, starting May 1st Ever wanted to read between the lines of the newspaper? Arm yourself with the tools of modern warfare as Karl Fitzgerald takes you through the key understandings required to ‘follow the money’. Topics covered: Economic terminology – the basic framework Economic History via: The Classical […]

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