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Articles from Prosper Australia

A Land Tax for the Top End?

November 23, 2017 - 15:57 -- Admin

By Jesse Hermans Amid recent GST distribution cuts of $400m p.a. (about 12% of revenue) and a flagging property market, the Northern Territory Government is facing severe fiscal challenges. The NT is the most stamp duty reliant government in the federation, and has been hard hit an inevitable correction in its housing market. Annual dwelling […]

Australia’s economic trajectory

November 21, 2017 - 16:31 -- Admin

An article has been doing the rounds – House of Cards – by Matt Burnie and Craig Tindale, that we highly commend. Rarely do articles array so much data in devastating order. There must be over 100 links highlighting the risky nature of our economic miracle from one industry after the other. Whilst the authors […]

Where we failed: a telling chart

November 9, 2017 - 20:36 -- Admin

  In his paper American Government Finance in the Long Run: 1790 to 1990 (Journal of Economic Perspectives, Vol 14, Number 1) John Joseph Wallis demonstrates that US government finance experienced three separate phases:- Asset Finance Phase 1790 to 1842, where state-driven infrastructure and legal support for banks and companies were a priority. Development was financed from land sales, […]

What Australian really wants to lower house prices?

November 9, 2017 - 13:23 -- Admin

by Jesse Hermans In an AFR op-ed this week , the Federal Member for Banks, David Coleman asks, “What Australian really wants lower house prices?” Australian’s are obsessed with housing, he writes. Everyone is piling into bricks and mortar. The value of property is three times the value of superannuation! The value of all Australian land […]

National land prices up $594 billion

October 28, 2017 - 09:14 -- Admin

MEDIA RELEASE Wage growth suffers from record increase in Australian land prices. “The $593.7 billion uplift in land prices announced today is thirty times larger than total banking profits. The average annual gain has been around $180 billion, so to have an increase some $300 billion higher than normal shows just how much money has […]

Banking on Profits

October 10, 2017 - 16:44 -- Admin

Letter to The Age October 10th, 2017 How ironic that boss Ian Narev is concerned that global wage growth has been “relatively weak” (‘CBA boss says sorry over ATM scandal’, The Age, 7/10). Adam Smith noted in Wealth of Nations that privatised land rent adds one-third to costs. (“This portion, or, what comes to the […]

Regulatory bodies paid to look like idiots?

September 16, 2017 - 13:47 -- Admin

All the great social philosophers have held that land must be rented, not sold, if communities aren’t to implode. One of them put it into a formula, saying that if we capture the social surplus, then labour and profits will receive their full and rightful income—their ‘private property’?—undiminished by arbitrary taxation:- i.e. Production (P) minus land […]

The Queen Pays Her Dues, Do You?

September 8, 2017 - 15:51 -- Admin

This week the Renegade Economists radio show celebrated ten years on the 3CR airwaves. Much of the show was based on the following. Have a listen: Reverberations from Phillip Anderson’s presentation to the 126th Annual Henry George Dinner are still being felt. Phillip revealed that the Queen pays a significant land rent to the UK […]

“Is the Queen a Georgist?”

September 6, 2017 - 13:01 -- Admin

Turns out she is! She pays the rent …. In 2015 the Crown Estate delivered a record £328.8 million to the Exchequer from its thirty wind farms and central London assets. This was up 8.1% on the previous year, taking the total the Estate has returned to the Treasury over the last decade to more […]