The state of Victoria is to get a tax on unoccupied properties. The new tax, called Vacant Residential Property Tax (VRPT), is expected to raise around $80 million over four years and will come into effect on 1 January 2018. Click here to read the article.
https://youtu.be/YI4trJE8atI Marvellous TED Talk by Laurie Macfarlane.
You have to love the outspoken Jonathan Pie. He is exactly right that homelessness is a disgrace and a failure of our national economic policies. Even in Melbourne we have 30,000 people on the waiting list for housing. Please watch this video and see if you don't want to fix the problem. [...]
A new book has been released. Rent Unmasked explores the new economic paradigm that policy-makers need to solve global problems in the post-2008 era. With conventional economic theories discredited, the new model must equip governments with tools to re-stabilise societies in a dangerous world. Rent Unmasked explains why one paradigm only qualifies to serve this [...]
Bryan Kavanagh is a long-term economic activist. He's also a property valuer and brings a historic perspective to our current problems. If you want to know how we got where we are today and what we need to do to fix things then click on the link below. Click here to read Bryan's article. [...]
A new book has been released. “A financial algorithm for untangling this tragedy exists. It is the formula that made civilization possible. It is now wilfully ostracised by academia.” “For five millennia, nation-state governance was based on the capacity to protect a territory, collect the rent and provide the population with the services that secured [...]
$10,000 per year tax on unoccupied properties Contrary to other taxes, taxes on land makes it more affordable and accessible. Take Vancouver, Canada for example — Click here to read the article. The city has placed a tax of $10,000 per year on unoccupied residences. The owners must self declare and if they lie [...]
This synopsis comes from the website Wealth and Want. It was inspired by Dr. James Busey's condensation of the 565-page original, was extracted by Alfred J. Katzenberger, Jr., of the Public Revenue Education Council in St. Louis and the St. Louis Teachers Union, Local 420 of the American Federation of Teachers. About the Author Henry George [...]
The influential journal, The Economist, recently wrote an excellent article on Henry George and land tax. The article was entitled "Why Henry George had a point". Click here to read the article. Nobel-prize winner Joseph Stiglitz is in favour of Henry George's policies because "Rich people tend to own a lot of land, poor people very [...]
Why advances in technology and productivity won’t make you rich. Preface to the book The Prosperity Paradox By Mark Hassed The science of economics today is in a very similar situation to the science of astronomy five hundred years ago. At that time it was believed that the Earth was a flat, stationary object in [...]