https://iview.abc.net.au/video/NC2505C011S00

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We tax things we want less of, @InsidersABC. Taxing land prices more & incomes less is the only way to make housing more affordable. It’s quite clear that ALP & Liberal Party election promises are going to pump Australian land prices even more than they’ve been doing.

We’re already # 1 in the world at property spec!

We need to see how neoclassical rent-stealers insinuated themselves in with ‘capital’. They’ve argued that high wages are problematical – and our financial analysts seem to believe this misbegotten case. 🙁

High wages act to assist private businesses. It’s escalating land prices, together with taxing sales and incomes which generate the enormous background inflation that devalues world currencies.

Not understanding these economic fundamentals is exactly why world economies—both east and west—are now in the process of foundering.

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