“What is naturally just?”

Economic freedom. It supercedes political freedom.

Tools for recovery, Yanis?

We’ll need an urgent switch from taxing incomes and purchases to taxing land prices once they’ve tanked–to keep them down–and delivery of a universal income – both to help the economy and to give people hope during extreme times.

Hey, Australian Treasury! Do you hear?

We should see extremely heady real estate markets from this point on, to at least June 2026. By October 2026, analysts will begin to acknowledge that USA land prices have tapered off.

Following the lead of the powerful US real estate markets, worldwide market values will begin to collapse.

Twelve month later, in late 2027, recessions will be the order of the day as banks suffer the consequences of extravagant lending against bubble-inflated land prices.

Aided and abetted by a scandalous tax regime, Australian land prices being the highest per capita in the world, the nation will experience the worst financial depression; akin to that of 1893-1897. It will be nasty.

If we’ve learnt anything about political economy, that will be the time to introduce a decent universal income to steady people’s financial position. However, it would be literally counterproductive to do this without an all-in land tax to preclude another mindless surge in land prices.

If we were to demonstrate sense, Australian bank bailouts would amount to the federal government taking a position in the major banks at bargain basement prices to ensure we don’t repeat such stupidity ever again.

We may hope.

NUP!

SO THAT BANKS MAY KEEP INFLATING LAND PRICES FOR DEBT-MAKING AND PROFIT!

WE ALSO PERMIT THEM TO COUNTERFEIT THE NATIONAL CURRENCY WITH THEIR ‘LENDING’ PRACTICES.

Dick Turpin

We used to funds our roads properly – by employing municipal rates based on site land prices for streets, and state land taxes for highways. That meant that all beneficiaries paid; not just ‘users’.