The Australian Capital Territory is rapidly becoming the state government most willing to experiment with forms of taxation that serve the interests of both the public, fair play, and economic logic. Generally, it is trying to move away from taxes that burden workers and business and crater the economy to a more classical approach of its self funding cycle of revenue.
Who is Andrew Barr, and why does he get a story? Well, he's the Treasurer of the Australian Capital Territories (Labour), encompassing the capitol,Canberra
, and his government has released a five-year plan to eliminate the usual nuisance taxes, anti-prosperity taxes and general economy-killing taxes and return to a broad based tax based on general rates on land values, including both commercial and residential land.
Since the early 1920s, collecting land rent was intended to be the basis of funding the ACT in infrastructure and services.
Canberra Plan 1900s
In the early part of the 20th century, a rising and
confident Australia decided to create a national capital. It was to be a planned city, and surprisingly
enough an American namedWalter Burley Griffin
wonthe competition to design Canberra
The Griffin design was linked theoretically and
contextually to the first stirrings of modern planning and to the visionary
land economics of the classical economists.
In the case of Griffin, it was his commitment and enthusiasm to good
economic sense and economic justice learned through his lifelong reading of the
American economist Henry George.