Yeah, reading THE AGE editorial today “Commonwealth built on the fair go”, I see what the editor is getting at – a lower taxation rate doesn’t necessarily make you a better country.
But I’m reminded of the founding of our national capital, on which I’m to give a presentation at Chengdu next month … it’s all about from where we derive the common wealth. Canberra tried to do it in such a way to keep the land sharks at bay, but has ended up losing out to them – badly.
There’s more than a hint about the correct revenue base in the first letter across the page from THE AGE editorial, from Norman Huon of Port Melbourne: “… Norway – has had the wit and community support to put a portion of its windfall from exploitation of natural resources aside for future generations.”
Well said, Norman.
Then, in following letters, well informed people are decrying how proper town planning has given way to the demands of developers.
Sure there have been too many town planning delays frustrating developers, but lowering town planning standards instead of removing the blockages has thrown the baby out with the bath water.
In Victoria, this has been accompanied by the substitution of site value rating with capital improved rating–and in the site value rating states of New South Wales and Queensland by municipalities increasing the minimum rate–so that the poor subsidise the wealthy and carte blanche is delivered to holdouts who’ll now develop only when they’re good and ready, and when there’s big bucks to be made in escalating land values.
Government has become superfluous in Australia: private rent-seekers now run the show.