TERRA PUBLICA

[Not a Georgist publication, but a good one, nevertheless.]
Terra Publica November 2014_Page_1
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BANKING CONTROL FRAUD RUNNING AMOK

Submission 38 to the Parliamentary Joint Committee on Corporations and Financial Services says it like it is.  The FIRE sector IS crooked, led by banks that have been creating mortgage money as if there is no tomorrow.  It can never all be repaid of course.  Do financial services standards need to be reformed at the top?

Answer the question, jerks!

Somehow I believe we’ll get much the same damp squib we got from the Standing Committee on Economics Report on Foreign Investment in Real Estate.  [See previous post.]

They can’t blow the whistle, you see?  They’re the new breed of politician who believe it’s all about “maintaining confidence” – at least, until all the criminal facts explode in their faces.

We were only doing our job!”  Yeah.  I’ve heard that one somewhere before, too!

Bank CEOs are getting paid millions to perpetrate fraud.

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We have learned a lesson. This will never happen again.” – ANZ boss Don Mercer, 1992

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IT’S A WHITEWASH!

KODKelly O’Dwyer’s committee looking into foreign property investment in Australia has genuflected to all the property urgers and touts and ignored one critical fact: we have years and years of supply of suitably-zoned land in Australia. There is absolutely no shortage of supply. There are hold-outs and drip-feeders pushing up prices, however.

Why not let both foreigners and all locals pay a holding charge, a land tax, as recommended by The Henry Tax Review and watch the supposed “shortage” of supply disappear instantly?

The other aspect of public capture of the rent of land, of course, is that the more is taken publicly, there’s less to be privately capitalised into higher prices. Yes, that’s correct, Kelly, a land tax keeps a lid on escalating property values because it’s the land that increases in price, not the improvements – foreign investors or otherwise.

Your committee missed the need for greater capture of publicly-generated land values, Kelly?

That amounts to a whitewash.  Shame!

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SCOTTISH LAND REFORM (CONT’D.)

Wightman

 

http://www.bbc.com/news/uk-scotland-scotland-politics-30193791

Go Scotland!  (Have those lazy land-owning drones pay their fair share at last!)

 

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SCOTLAND

Crofters_Richardson

 

 

News from BELLA CALEDONIA

 

 

 

 

 

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NO TO “NO LAND TAX”

The NSW Tenants Union are alert to what these self-interested guys are up to –> http://tunswblog.blogspot.com.au/2014/11/no-land-tax-do-not-know-land-tax.html

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Catherine Cashmore on the renegade economists

http://www.prosper.org.au/2014/11/25/hoarding-without-consequence-transcription/

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SOME LIBERTARIANS CAN THINK IT THROUGH ….

…. even if not Murray Rothbard.

Well done, Mike O’Mara!

http://libertythinkers.com/education/a-landlord-is-a-government-the-libertarian-basis-for-land-rights/

 

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INTERMISSION ….

I tell you naught for your comfort,

Yea, naught for your desire,

Save that the sky grows darker yet,

And the sea rises higher.  –     :)

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THE WEEK IN OZ

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