If federal government bonds and land prices are both essentially scams that benefit rent-seekers at everyone else’s expense, why do we tolerate them? Cui bono?
Surely, rent-seekers are the sole beneficiaries.
We sorely need financial reform, guys! ….. Or else!
Simpliciter.
For the information of those who may have wondered what occurred, I used to have an X (Twitter) account, @bryankav123 with about 2500 followers, until it was hacked on 25 May 2026. The false message “Just got my new Land Cruiser!” appeared against my name. The hijacker also set up a fake account, @BryanKavanagh7.
After numerous attempts since to have X rectify the situation to no avail, I’m reconciled to no longer having the account. It actually provides me more time to spend here.
However, as X was unable to fix the issue, it’s makes me wonder whether Elon Musk’s decision to sack so many Twitter employees was wise if staff remaining are unable to manage such a basic issue as this. How many others have been terminally affected by skullduggery?
Geoffrey Watson SC is the Australian anti-corruption barrister and director of the Centre for Public Integrity currently leading investigations into organised crime and union corruption within the Construction, Forestry and Maritime Employees Union (CFMEU).
When that’s done, maybe he’s the man to lead an investigation into the mother of all corruptions? That is, the banking, real estate and media corruption against the Australian people that has our total land prices at ten trillion dollars, or $375,000 per head for every man, woman and child? (ABS 5204 Table 61)
After all, this overarching corruption is about to generate another great depression.
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Yes, but let’s remember that the so-called ‘national debt’ consists of bonds and treasuries, guys, and they’re a rort, anyway.
The more important debt is the impossible level of private debt, largely mortgage debt, the greater part represented by land prices which should not exist. They need to be taxed away instead of earned incomes.
And, as we’re a long way from doing that, the financial crisis you guys discuss is about to unfold – relentlessly!
i.e. Just before the Great Depression!
When communities gather around shared infrastructure and services, they generate a collective economic surplus known as economic rent.
Instead of distributing the economic rent as a universal dividend, our system currently allows private rent-seekers to capture it. That dynamic drives up land prices and forces governments to tax incomes, goods, and services to compensate.
High land prices and heavy taxes then drive up inflation, which damages the overall economy. When society ignores these basic financial realities, whether through poor education or choice, it creates widespread socioeconomic distress.
Replacing traditional taxes with a land value charge which provides a universal income–to replace social welfare–offers a powerful remedy to the systemic troubles for which we’re about to pay a terrible price.
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