Treasury is asking why the Petroleum Resource Rents Tax collects only a fraction of the revenues it could. Actually, they know exactly what is wrong, but need public consultation in case someone has a bright idea to fix this broken…
Fred Harrison summarises the various studies analysing the role of economic rents and why it is hidden from economic analysis. The interview is conducted by Andy Mazzone (Henry George School of Social Studies) as part of the Smart Talk series.
The Western Australian election 11 March will be a furious battle, but don’t bother with the popcorn – the ALP led by Mark McGowan is set to win easily and the fireworks of One Nation will prove a damp squib.…
by Philip Soos reposted from The Guardian When we hear talk about taxation, it is naturally assumed to refer to those taxes which are levied by the government. After all, no individual or business can charge anyone else a tax,…
by Bryan Kavanagh Reposted from On-Line Opinion Fortunately, the theory of real estate valuation is not as difficult to comprehend as the theory of value, over which economists continue to fight endlessly. Real estate valuation concerns the assessment of particular…
by Philip Soos When the infamous duo of Abbott and Hockey came to power in 2013, they embarked upon a polarising rhetoric of “lifters” versus “leaners” separating Australians into one of two camps. The split was a simple one: those…
Presenter: Phil Anderson When: Friday March 18th, Where: Level 1/ 64 Harcourt St, North Melbourne Time: 6.30pm Tickets $25 After studying history’s lessons for forty years, Phillip J Anderson has come to one conclusion: GOVERNMENT HAS TO GO. If you want…
The AFR’s economics editor Alan Mitchell has taken a Treasury briefing. He is out this morning offering all sorts of reasons why a broader, higher GST is a brilliant master-stroke that deserves universal applause. He knows, we all know, a…
Economic depression for dummies Let’s say labour joins with capital and land to produce wealth, and that the locational rent of land arises as a by-product, simply from the existence of the surrounding community and its infrastructure. Say, for some…
by Phillip Anderson Editor, Cycles, Trends and Forecasts NARITA, JAPAN:- This week judges in the UK ruled that Uber can continue operating. The judges decided Uber’s smartphone app is not a taxi meter. The app is what connects user to…