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Articles from Prosper Australia

Rents not Wages hurting small business

January 30, 2015 - 11:00 -- Admin

Letter to the Editor Australian Financial Review 29/01/2015 Those urging cuts to penalty rates and minimum wages for working people remind me of the blind guides, in the biblical proverb, who strain at a gnat and yet would swallow a camel. Your story “Mates’ rates help Rosy’s cafe survive Australia Day penalty” (AFRJanuary 27) demonstrates […]

The property holdings of members of the Queensland Parliament

January 29, 2015 - 07:51 -- Admin

  The Queensland election this Saturday has the nation holding its breath.  Will the Liberal/National Party government of Campbell Newman with 78 of the 89 seats in the parliament be displaced by a very angry electorate, or merely have their huge majority whittled back and Premier Newman unseated? Intrepid researchers Soos, Egan and David have […]

Rating System Undermined

January 28, 2015 - 12:31 -- Admin

Have u signed up to our Evolving Economics Enews yet? Subscribe here. If you are already a subscriber and noticed some of the links were missing in ‘The Private Earth’ section, they’ve been fixed below so you can connect to the interview with Michael Hudson. Having trouble reading this newsletter? View it online. The enews of Prosper & […]

The Climate Fund Under Our Feet

January 27, 2015 - 16:08 -- Admin

Thursday February 26th, 6.30pm Level 2, 22 Punch Lane, Melbourne Presenter: Karl Fitzgerald RSVP Last year was Australia’s 3rd hottest on record. The likelihood of a radical future grows with each day we do not take action. The need for greater economic flexibility is vital. How can the economic system support cyclists and seaweed cultivists for […]

Ditch the saddlebags of deadweight losses – for the win

January 22, 2015 - 17:59 -- Admin

Yesterday, Cameron Kusher of CoreLogic RP Data called for the removal of conveyancing Stamp Duty and its replacement with a universal land tax.  His comments come just ahead of the release of the federal government tax reform white paper. He echoes Australia’s Future Tax System (The Henry Review) which called for: The abolition of stamp […]

Rates Cap to Continue Vicious Circle

January 21, 2015 - 14:48 -- Admin

“Victorian Labor’s capping of local council rates plays straight into the hands of Tony Abbott’s pro-GST revenue centralisation agenda” stated Prosper Australia Project Director Karl Fitzgerald. “The integrity of Victoria’s local council rating independence was dealt another blow by the arbitrary limit on council revenues. Local Councils will now have to deal with more red […]

Stiglitz to Piketty: its the land!

December 19, 2014 - 16:21 -- Admin

  Joseph Stiglitz’s recent interview with Lynne Parrymore of the Institute for New Economics demonstrates the difference between land and capital: My paper begins with the observation that in fact, you cannot explain what has happened to the wealth/income ratio by that (Piketty’s) analysis. A closer look at what has gone on suggests that a […]

OECD’s Housing Concerns

December 18, 2014 - 13:52 -- Admin

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 […]

Fifty grades of shade: A story of enclosures, power and native title

December 17, 2014 - 12:59 -- Admin

By Cameron Murray Romance novels seduce you into feeling for their characters, drawing you into their exhilarating world where eventually, and predictably, the protagonists overcome their seemingly intractable obstacles and are united together. The story of property and power, the fifty grades of shade, unfortunately never reaches such a resolution. This story is much more […]

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