All posts by Bryan Kavanagh
FOR WHOM HAVE ECONOMISTS BURIED THESE IDEAS?
LOOK! NO ‘TAXATION’!
![](https://thedepression.org.au/wp-content/uploads/2023/09/FORMULA-High-land-prices-low-wages-1.png)
DEADWEIGHT LOSS
![](https://thedepression.org.au/wp-content/uploads/2023/09/Deadweight-900x314.png)
AND PUBLIC CAPTURE OF RENT WOULD ALLOW A UNIVERSAL INCOME TO ABOLISH POVERTY!
![](https://thedepression.org.au/wp-content/uploads/2023/09/UBI-900x299.png)
![](https://thedepression.org.au/wp-content/uploads/2023/09/Charity.png)
AND AS FOR ‘MONEY’
(The day before the ‘Cross of Gold’ election)
![](https://thedepression.org.au/wp-content/uploads/2023/09/1896-election-banks-gold-silver-804x700.png)
GOVERNMENT BONDS TO ‘FUND’ DEFICITS? NUP!
THE NATIONAL GOVT SPENDS MONEY INTO EXISTENCE
![](https://thedepression.org.au/wp-content/uploads/2023/09/Money-smaller.png)
![](https://thedepression.org.au/wp-content/uploads/2023/09/Truth-900x292.png)
NOT ENOUGH RENT? BUT ALL TAXES COME OUT OF RENT!
![](https://thedepression.org.au/wp-content/uploads/2023/09/3-ATCOR-EBCOR-748x700.png)
AND THERE’S PLENTY OF RENT THERE!
![](https://thedepression.org.au/wp-content/uploads/2023/09/eatdgdp4Prosper-2-900x524.png)
AN ‘X’ POST, EX-ANTE
SINS OF OMISSION?
Politicians: “We can’t tax land values significantly to keep prices down because land values will decline. This wouldn’t only affect bank mortgages, but people wouldn’t be happy to see their properties values decline.”
So, instead of being properly managed downward by fiscal action, land prices are being left to correct themselves: to drop suddenly and sharply, bringing on a financial depression.
Can any government, anywhere, be convinced to do something before 2027?
Probably not.
![](https://thedepression.org.au/wp-content/uploads/2023/09/cliff.png)
Electing Caligulas
![](https://thedepression.org.au/wp-content/uploads/2023/09/trump-563x700.png)
WHY THE WEST IS IN TROUBLE
‘Balanced budget’ neoliberals running the show for rent-seeking lobbyists.
![](https://thedepression.org.au/wp-content/uploads/2023/09/US-in-trouble-436x700.png)
![](https://thedepression.org.au/wp-content/uploads/2023/09/UK-865x700.png)
So why do we say ‘houses’ are unaffordable?
ABS 5204.061 Total Residential Land Australia, 30 June 2022: $8701.0 billion.
ABS “Total Value of Dwellings”, 30 June 2022: $9983.4 billion.
Therefore, land comprises 87.15% of the total value of the average Australian residence.
So why do we say ‘houses’ are dear when the average dwelling is less than 13% of the total cost? To be more precise, shouldn’t we be talking about how to keep land prices down?
![](https://thedepression.org.au/wp-content/uploads/2023/09/HG.jpeg)
![](https://thedepression.org.au/wp-content/uploads/2023/09/Land-price.png)
Henry Lawson
![](https://thedepression.org.au/wp-content/uploads/2023/09/Henry-Lawson.jpeg)
![](https://thedepression.org.au/wp-content/uploads/2023/09/Spread-the-Truth-757x700.png)
Catherine Cashmore’s ‘Land Cycle Investor’
‘X’: THE LAND PRICE PROBLEM
https://www.abc.net.au/news/2023-09-06/housing-stress-interest-rates-pain/102587860