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. [...]
$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 [...]
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 [...]
By Richard Giles, Association for Good Government We are here to talk about housing affordability. Housing affordability is falling and we want to know the reasons for it. What is Housing Affordability? Reduced to its simplest terms declining housing affordability means two things. First, those who are renting or buying homes are spending more and [...]