…. was a good episode.

The earlier part of the program about the economy and the cost of living was disappointing though, because politicians on the right are clearly wrong, and those on the left are lost.

The nearest to getting the economy right was writer Thomas Mayor. He might even agree with my proposed preamble to the Constitution: A treaty?

And, of course, taxing land values captures all externalities, perfectly. Those living in rural and regional areas where transport costs are dearer will pay less because land values aren’t as high as in the capital cities where toll roads instead of an all-in land tax have become pathological.

And the big rent-seeking corporation would finally pay their fair share, because land can’t be hidden or flee to Singapore or other tax havens.

With such a Treaty in place, Australia would experience genuine prosperity for all.