It seems we’ve not noticed that the production of real wealth has been losing ground to speculative pursuits. This has the effect of impossible levels of private debt and a rising cost-of-living for the majority of people.

A greater number of individuals have been setting their cap for the publicly generated surplus product (or economic rent) owed equally to everyone – not the least our political representatives.

The public domain has been losing out to the neoliberal “greed is good” brigade. This has untoward consequences.

It’s time for significant change. If we want general prosperity, we need to switch the emphasis of taxation from incomes and purchases to land prices and the private extraction of our natural resources – as outlined in the Henry Tax Review.