8. (2013 December) Research: Total Resource Rents Report -Australia

Fellow Georgist Karl Fitzgerald in Melbourne, Australia recently released Total Resource Rents Report. He writes:

“The Total Resource Rents of Australia report finds monopoly rents are capable of replacing taxation at all levels of government. In 2011-12, local, state and federal governments required $390.067 billion in operating revenue. The most efficient form of government revenue-raising, the taxation of economic rents, can raise 87% ($340.719 billion) of revenue needed. By including ‘sin taxes’ and non taxation revenue, a fairer, more equitable tax base is possible.“

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