Have you noticed? Prosper Australia is the ONLY Australian body which:
– forecast this financial collapse
– explained it, and
– proposed the capture of economic rent instead of taxes to turn economies around.
Our members are from all political parties and from none, from all religions and none – so we’re not pushing any party line nor religious barrow.
Unfortunately, by failing to capture adequate economic rent via municipal rates and land taxes, the Labor and Liberal parties are both complicit in why we are where we are. They preferred to tax people for working and to reward them for rent-seeking in real estate.
John Howard and Peter Costello presided over the first part of our real estate bubble (from 1999 to 2007), and the Rudd-Swan, Gillard-Swan governments have kept pumping it up from 2007 by means of ‘negative gearing’ and the First Home Owner Grant and First Home Owner Boost.
Ken Henry’s recommendations for Australia’s Future Tax System are a step in the right direction.
We want more members. You’d not be throwing over your political nor religious allegiances if you were to join us.
You ARE, however, required to want Australia’s revenue to come from its land and resource rents, instead of from taxes (and their attendant deadweight costs).
If you agree with our aim, why not join us? We need your help.
Your $30.00 membership includes a subscription to our 104 year-old journal, PROGRESS.
Admiring the time and energy you put into your blog and in depth information
you present. It’s great to come across a blog every once
in a while that isn’t the same out of date rehashed material.
Great read! I’ve saved your site and I’m
including your RSS feeds to my Google account.
No, sorry, you misunderstand me, Khoan: the only one to forecast the collapse AND to give the correct remedy – which is the capture of land and resource rent, instead of taxes. That’s the proper response, instead a Glass-Steagall-type Act. Otherwise, a it’s a lingering deathly 20-year Japanese experience for us all!
uh excuse me? The ONLY to forecast this financial collapse? I can think of another one on top of my head: CEC Australia. And nothing short of Glass-Steagall would work…