Prosper Australia today expressed deep disappointment at the Victorian Government’s continued failure to implement value capture mechanisms in its recent upzoning announcements. By allowing landowners to reap windfall gains without returning a fair share to the community, the government has missed a vital opportunity to fund essential infrastructure and public services.
What could $27 billion fund if Commonwealth-state transfers were adjusted to bring revenue and expenses for each level of government closer to balance?
Over the past century and a half, politics and economics have evolved significantly in how we manage society. Yet, the core principle remains: every person born on this earth has a right to a share of its bounty.
The relationship between older, younger, and future Australians and our tax and spending priorities is based on an implicit generational bargain. Working age taxpayers support older and younger Australians and can expect the next generation to support them in the same way, and economic and social development will enable each successive generation to enjoy rising living standards. At the very least, we should not leave the next generation worse off.
133rd Henry George Commemorative Dinner Address by Professor Sock-Yong Phang, Singapore Management University, Kelvin Club, Melbourne, 15 August 2024 Value capture and affordable housing: insights from Singapore Good evening, everyone. Thank you, Dr Tim Helm for the kind introduction. And a big thank you to the Executive Committee members of Prosper Australia. I am […]
The following opinion piece was written by Gareth Hutchens and published in the ABC on Sunday 31st March, 2024. It is reproduced here with permission. This piece of writing was part of a 3-part series, awarded the 2024 E.J. Craigie Writing Award.
Prosper Australia is an economic research organisation founded in the Georgist tradition of political philosophy. Our work centres on the monopolistic nature of land and how it shapes our economy and society. We have a long history of research into property taxation and local government rating systems. We wish to raise five points in relation […]