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Articles from Prosper Australia

Frank Ramsey was verballed

September 21, 2013 - 00:38 -- Admin

Frank Ramsey formally studied mathematics but diversified into philosophy and economics. Among economists he is famous for proving that if the tax system is to raise a given revenue with minimum deadweight, each commodity should be taxed in inverse proportion to its price-elasticity of demand (Ramsey, 1927). That is unfortunate because the cited paper does not contain any such result…. [...]

The Taxing Question of Land

September 12, 2013 - 14:56 -- Admin

In the Summer of 2013, the Centre for Economic Justice commissioned a documentary to discuss the relevance of LVT in the UK. ‘The Taxing Question of Land’ was launched at the Royal Society of Arts in September 2013. Complex tax systems allow for avoidance, evasion and expensive administration costs to both the public and private purse. At the recent G8 [...]

A Georgist explanation of ‘fiscal devaluation’

September 5, 2013 - 14:28 -- Admin

Payroll tax is a reverse tariff: an inland payroll tax feeds into prices of locally produced goods and services, including those intended for export, but exempts imported goods and services up to the point of importation. In contrast, a Value-Added Tax (such as Australia’s GST) is border-adjusted so that it captures the value added to locally consumed goods and services, [...]