[Marxism] Economic rent and taxation
En Passant with John Passant
en.passant at bigpond.com
Thu Mar 1 05:15:31 MST 2012
Taxing economic rent is at the heart of the Henry Tax Review in Australia.
Economic rent arises from monopoly. The tendency to monopoly is built into the way capitalism is organised.
Competition leads to monopoly.
The ongoing monopolisation of the global economy and Australian economy will mean that despite the Labor Government's rejection or watering down of key economic rent tax proposals in Henry, future governments will come under immense budgetary, economic, social and political pressure to revisit the proposals or variants of them.
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