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Sharing the earth so all may prosper. Karl Fitzgerald - Director Grounded

Melbourne, Australia
Joined February 2009
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Earthsharing retweeted
A message to the people of Australia from Twiggy Forrest... #Tax #EconomicRent #PoliticalRent
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The Staged Releases report presentation, on how developers control supply to lock in price, rather than allowing supply to drive down prices, as promised. A number of factors contribute to this as discussed by @earthsharing #auspol #endhousingcrisis youtube.com/watch?v=6d6FUvMh…
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Great article explaining the housing market's built-in speed limit on new supply "Forget red or green tape, developers hold supply behind a gold tape: they must ensure there is not enough supply to push prices down." theage.com.au/national/forge…
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9.6% of Australian properties were found to be vacant in #census21. It is time government measured these more regularly in an era where housing supply is the core focus of government policy. #auspol
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‘tackling the lack of affordable rental accommodation would produce $2 of benefits for every $1 spent – a much higher rate of return than many infrastructure projects.’ theage.com.au/national/lack-…
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Now there’s leadership with @JEChalmers supporting the productivity benefits of replacing stamp duty with land tax. Overcome the political pain by starting here prosper.org.au/2019/10/stamp…
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Voters are starting to understand #land tax would be better for society as it enables mobility, downsizing, taxes vacancy, deters speculation and adds ~10% to the economy by forcing foreign investors to contribute. Such a tax also protects communities from gentrification #sd2lt
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Only the levy on land can address Scotland's housing crisis.
Our new video, Why a House Is Not Like an Avocado, explains the complexity of the housing market and why it's not like other markets. Watch, enjoy and share! #housing #housingaffordability #landtax #georgism #economics #auspol
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Listening to the amazing Karl Fitzgerald @earthsharing. This is an inspiring re-education and recalculation of our skewed world views and the self-harm of market capitalism.
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Replying to @MichaelPascoe01
@MichaelPascoe01 wades into the report of the Inquiry into Housing Supply and Affordability. Gave all of us at @Prosper_Aust a bit of a chuckle. Still, I remain ever a naive optimist. We will get it together on housing! 🥹 thenewdaily.com.au/finance/2… #HousingCrisis
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Change without too much change? Progress = new infrastructure -> benefits landholders -> gentrification. How to balance out these trends to protect local community, using tax tools tested over time @BrokeInPhilly nextcity.org/urbanist-news/w…
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"You have a concentration of property ownership in the hands of the creditors, if you don’t write off the debts, which ancient society did, and which used to be the core of ancient religion." #MichaelHudson
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"The tendency of any financialized economy is to centralize. Not only wealth, but by centralizing wealth, you centralize political power, and decision-making, and ultimately, military force in the hands of the financial class." #MichaelHudson
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Replying to @marcelsardo
If Russia surrounded US with Russian military bases, (like US/NATO has done to Russia), how would Americans feel? via @marcelsardo
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The @ICIJorg reveals how equity mining our communities is the new frontier of tax haven funds looking for extreme returns. Pariah like tenancy agreements and hidden costs hurt. With Build to Rent in place here now, we can expect similar 'housing supply' icij.org/investigations/pand…
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. @DrCameronMurray, @SaulEslake, @em_prosperaus, @earthsharing & many others all presented damning evidence & arguments that the Australian housing crisis wasn't a supply-side issue, yet you have the audacity to propagate the lie that there's over-resounding evidence that it is
The econometric modelling is unambiguous: planning laws are contributing about half of what Australians pay for their homes. 🏡👨‍👩‍👧
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