All posts by Bryan Kavanagh

I'm a real estate valuer who worked in the Australian Taxation Office (ATO) and Commonwealth Bank of Australia (CBA) before co-founding Westlink Consulting, a real estate valuation practice. I discovered, by leaving publicly-generated land rents to be privately capitalised by banks and individuals into escalating land price bubbles, this generates repetitive recessions and financial depressions. We need a tax-switch: from wages, profits and commodities onto economic rents/unearned incomes, if we are to create prosperity and minimise excessive private debt.

IT’S INEXORABLE …..

…. our relentless descent into an economic depression.

Mainstream economists have no answers. They only display their complete impotence. Maybe if we look at what heterodox economists have to say?

TaxLandNotMan@TaxLandNotMan When you ask yourself how parts of society could be made to believe the nonsensical things they often do, just remember that our established news, education and political organizations have already convinced most people it is normal for the masses to pay the few to use land. 1:07 AM · Jun 10, 2020

Bryan Kavanagh@bryankav123· Replying to @TaxLandNotMan Yep, it’s a lonely number of people able to see high land prices as a measure of economic illness: another pandemic. Since 1974, it’s been a destroyer of productivity & wages. And businesses believing low wage growth is good for them really do need to think that one through. 10:17 AM Jun 10, 2020

BLACK LIVES DO MATTER

Yup! And not just black lives. The lives of indigenous Americans, too.

It was Marcus Aurelius (121-180 AD) who had the insight and decency to acknowledge that “Poverty is the mother of crime.”

However, ‘money’ as such is no response. Nor is ‘education’ as we know it. We have to change ‘the system’.

Interestingly, it’s indigenous people who have the deep knowledge about how the system must be changed: we’ve got to stop treating their patrimony, their land, as a commodity. They have much to teach the world of ‘investors’.

Surely, it’s too late to do that?

It isn’t too late. It could be fixed overnight by taking on board something the indigenous people of Australia have been saying for years, or as ‘Midnight Oil’ sing in ‘Beds are Burning’: We must ‘Pay the Rent‘.

The rent is owed equally to all as a right—not a gift—to each and every one of us. It would afford a universal basic income.

Otherwise, the remedying of black and indigenous lives, and the lives of all the dispossessed and impoverished, is going to be a very, very – l – o – n – g – haul!