HELLO? HELLO? INFRASTRUCTURE AUSTRALIA, ARE YOU LISTENING?

 

Glen Canyon damI hope Infrastructure Australia (IA) gets to see and consider this inspired piece by EarthSharing’s Karl Fitzgerald (“K2”).

IA should understand that:-

  • worthwhile capital works carried out at the taxpayer’s expense will always raise land values
  • if the infrastructure is viable, it will more than pay for itself out of the uplift in land values
  • so, part of the increase in land values should be captured back to the public purse to pay for the project 
  • the uplift in land values should not simply be left in the hands of private interests as it is currently
  • no taxes will be needed, nor “public private partnerships” required
  • abolish taxes!

                                                                                                            Full stop.