Prosper Australia is a non-profit association incorporated in the State of Victoria, Australia dedicated to reforming taxes onto land as articulated by Adam Smith, the Physiocrats, John Stuart Mill, and most notably by Henry George in Progress and Poverty.
History Founded in 1890 as the Single Tax League of Victoria, it was later known as the Henry George League of Victoria, then as Tax Reform Australia, before adopting its present name in 2000. Its mission, as stated on its website, is "To slash taxes on work, on enterprise and consumption. Instead, fund government from the economic rents that fall to land and monopoly." Its journal, Progress, has been published since 1904.
Activities
Education At its North Melbourne, Victoria premises, Prosper Australia maintains a bookshop, a library, seminar and office facilities for staff and volunteers. Occasional public presentations, delivered by members, staff or guests, are held here or at external venues. Foreign academics and activists, with varying degrees of sympathy for the Georgist cause, have visited Melbourne and other Australian cities at the invitation of Prosper Australia. American financial economist Michael Hudson, Jeffery J. Smith, Alanna Hartzok, Frank de Jong and Fred Foldvary are some of the guests who have visited Australia at the invitation of the organisation.
Publications Progress, the official journal of Prosper Australia, has been published continuously, sometimes monthly, sometimes bimonthly and now quarterly, since May 1904. While the organisation has changed its name several times, the journal has retained its original title. The inaugural issue was four pages in length and during the first decade after inception, the number of pages grew to 16, including advertisements. The journal eventually reached a guaranteed circulation of 20,000 and in 2014 consists of about 36 pages; however, its circulation is greatly reduced as the organisation has migrated its narrative to the Internet at prosper.org.au Other Prosper Australia publications include articles and letters in mainstream and alternative media, occasional booklets and pamphlets and submissions to public inquiries.
Land Values Research Group The "Land Values Research Group" (LVRG), founded in 1943 as a separate association, is now part of Prosper Australia, while conducting its own research and maintaining its own website. Its initial research focus was to influence municipal rating policy, notably to urge governments to switch from Capital Improved Value and Net Annual Value to Site Value - on economic efficiency and social justice grounds The LVRG identified statistical bases demonstrating the land market is a leading economic indicator—in particular, it stated that a high ratio of property sales to GDP is a warning of an economic bubble, and that recessions tend to be preceded by falling land prices, which in turn are preceded by falling sales volumes. Both the 2008 financial crisis and the early 1990s recession were, to some extent, predicted by members of the LVRG.
Earthsharing Australia Is the name used by Prosper Australia for 'green' outreach to activists and young people. It says of itself: "Earthsharing Australia represents the beliefs of those members interested in green issues. However, we still maintain we are a group from the radical centre, with the unearned incomes enjoyed by monopoly rights in land, minerals through to DNA and banking licenses providing the funding to cull taxes on productive work. These activities include:
Renegade Economists — a weekly radio show on the community radio station 3CR. Economics for Activists — a short course of workshops; and formerly "Speed renting" — a method of finding accommodation, modeled on speed dating; The title "Earthsharing", which is meant to evoke "responsibility to share access to natural resources equitably", was trademarked in 1995, while Prosper Australia was still known as "Tax Reform Australia". The "Earthsharing Australia" website, online since 1996, is older than the "Prosper Australia" website.
Prosper Australia Research Institute In 2015, PARI received Deductible Gift Recipient status making donations for original research tax deductible. So far PARI has funded: Speculative Vacancies 8 by Catherine Cashmore Identifies long term vacancies via water meter data. The latest in a series of reports has been widely referenced by academics and the media including: Nobody's home: Housing boom leaves swathe of empty properties Nearly 20% of Melbourne's investor-owned homes empty The Melbourne Ghost City Revealed The First Interval – Evaluating ACT's Land Value Tax Transition by Cameron Murray Examining the economic changes four years into the ACT's 20-year transition from Stamp Duty to Land Tax. Cited at: ACT land tax policies already cutting mortgage payments
Funding and material support In addition to membership dues, magazine subscriptions, donations and occasional cover charges for events, Prosper Australia receives a sustaining grant from the Henry George Foundation of Australia (HGFA), which was founded in 1928 by the osteopath Dr. Edgar William Culley (1871–1958), who endowed the Foundation with a large donation to fund public education in Georgist economics. Prosper Australia's office accommodation in Melbourne is provided by Henry George Club Ltd, which was founded in 1918 by Royden Powell and Walter Burley Griffin to house the Victorian Georgist movement. The Club became operational in 1920, with Culley as one of its directors.
Disambiguation with unrelated organisations
… excerpt ends here. Continue reading the full article.
