“PRICE BOOM MAY END IN NASTY SHOCK”
May I be so bold as to suggest Prosper Australia has been quite influential in slowly bringing about a realistic analysis of the Australian property market? Their range of submissions to inquiries, beginning with those to Australia’s Future Tax System and more recently from associates, Philip Soos and Paul Egan, have been ground-breaking, thoroughly researched, and bound to impact upon open minds.
A well-attended and enjoyable Henry George Commemoration Speech delivered last evening by Professor John Freebairn at the Royal Society in Melbourne added a little more icing to Prosper’s educational cake concerning the absolute counter-productiveness of the current tax regime.
Thanks in no small part to the efforts of Prosper Australia, the broader community is becoming increasingly aware of the need for thoroughgoing tax reform if we are to weather this storm.