Bryan Kavanagh

Of Australia's $180 billion in resource rents in 2002 only $19.2 billion was collected for public purposes, leaving $160.8 billion to be capitalised into higher land and resource prices. Whereas the incomes of labour and capital have increased only 1.58 times in real terns since 1972, taxation has grown 3.1 times. The Case For a Federal Charges on Land Values