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photo credit: iLoveMountains.org With this weeks poll showing that many Australians were undecided on the Super Profits Resource Tax, they are effectively saying ‘please sir, tax me’. ‘No I wouldn’t think of ensuring that the privileged pay their fair share, please I emplore you – tax me!’. With 20 leading economists coming out in favour [...]
photo credit: BK59 Last night saw the media highlight two essential points. On the same day that BHP announced it’s fifth consecutive record profit of $17.8 billion for the year, 4 Corners discussed how high land and housing prices in the mining town of Port Headland were strangling the community. Both media pieces overlooked the [...]
photo credit: megananne Here we go again! The Reserve Bank is worried it raised interest rates too high. Is that what has caused this downturn? The real cause of this looming recession is the rampant over investment in land. This has pushed land prices to double the long term average in Australia, at 6.6 times [...]