He's gone too Ruddy far this time

Is there anything left that he hasn't tried to invent a tax for.... oxygen perhaps? :mad:

Who voted for this fool anyhow??? ... WASN'T ME!!! :p
 
for those who fell for the free "vote me in money " i hope your happy now?? perhaps we could start a buy rudd out campaighn, and get people to give it all back, :rolleyes:
 
Mr Young also said a Federal resources tax would create uncertainty, force companies to go offshore to raise cash and consider switching investments to countries that had more favourable tax regimes.
Click to expand...

uh huh....coz they've got all the iron ore and uranium and tantalum and gold and gas and....

still - Krudd's got his head up his bottom.

maybe he should start asking his wife what she thinks before opening his mouth - i'd be more interested in her opinion.
 
Blue Card! said:
uh huh....coz they've got all the iron ore and uranium and tantalum and gold and gas and....
Click to expand...

Rio's iron ore in Guinea is a serious threat to the pilbara, Gina is calling for low paid workers and special economic zones. Sunrise will use a floating platform. I dont think we can get toio complacent
 
Biggles said:
Is there anything left that he hasn't tried to invent a tax for.... oxygen perhaps? :mad:

Who voted for this fool anyhow??? ... WASN'T ME!!! :p
Click to expand...


Not me or my mates. I'm in the seat of 'New England' and labor got 9.9% of the vote in the federal election 2007, which I'm very proud of.


See ya's.
 
The people I talk to say the Kevin is trying to help "the poor and the needy", to which I ask how and they say "Well, he's labor, the other side are just lawyers who help the rich". You know, you just cant argue with the ignorant and naive.
 
Why are we all treating the PR flunkies of big resource companies as gospel? So they don't want to pay a new tax, what a big surprise!!

Sounds to me like they are crying wolf. I doubt this tax - if it is implemented - will have the huge effect they have outlined.
 
Ausprop said:
hard to know what to say to this. Is he determined to completely bungle things before he departs?
Click to expand...


Why does the fool think that mining profits don't already flow through to the rest of the country? You just have to look at our economy now? It's not coffee shops and retail in Sydney and Melbourne thats allowed us to escape what's going on overseas.

And this comment from the article,.....



........"WA mining industry chiefs warned that Australia would lose from Prime Minister Kevin Rudd's plan to tax miners in a bid to slow the WA economy to ensure a mining boom does not suck too much money and workers from the Eastern States".........



What tha..?? Surely it's better for workers and money to be flowing to the productive parts of the economy than floundering in service industries on the east coast?

WA should susceed from the commonwealth.:eek:
Just joking. No, don't do it please.:)


See ya's.
 
dan c said:
Why are we all treating the PR flunkies of big resource companies as gospel? So they don't want to pay a new tax, what a big surprise!!

Sounds to me like they are crying wolf. I doubt this tax - if it is implemented - will have the huge effect they have outlined.
Click to expand...

Your not getting it. Taxing super rich companies that "employ" tens of thousands at excellent wages damages the economy.

Tax is nothing more than the confiscation of wealth by politicians to prosper there own agendas. Its funny, ppl always say "tax the rich" because it doesnt affect them, but then when the govt. comes knocking on your door (because lets face it, govt. can never get enough money...anyone remember the property boom that got squandered???? and when you tax the rich they move investments "offshore", which reduces the amount the govt. can tax so they direct their attention on YOU!!!

Dont ever let any government convince you that over-taxing the rich is a great thing and is somehow compassionate to the rest...because the governments appetite for funds is never-ending and they always manage to squander it through mismanagement, fraud and abuse.

If you want an example of what governments do to wealthy corporations...look at what theyve done to the electricity companies and how they have empoverished them to the point where now they are forced to jump their prices 40% on YOU!!!!
 
I agree with BC Iron's Mike Young. The increased taxation would reduce profitability. Miners would then be forced to seek even more foreign capital than currently.

The capital attracted to taking higher stakes in Aussie miners would be that which can recoup higher margins downstream in a vertical integration model, like China and Sth Korea.

And as mining is highly cyclical, higher taxes would make a lot of projects unviable in downturns, and ripe for takeovers and buyouts by foreign interests.

Socialists just don't understand they cannot keep seconding and redistributing significant portions of capital to projects that do not contribute significantly to the production of goods and services.

The most efficient form of welfare is to support a healthy private sector that can provide jobs for everyone wanting to work.
 
mrsdawnrazor said:
So when they have mined out all our resources and made mega profits, what are we left with?
Click to expand...


Not much. Hopefully we will still have farm land and be able to feed ourselves. With mining gone we are stuffed. Our current account deficite is already not good, so it would resemble Greece's without our mineral wealth. Our dollar would crash to 40c or so as we'd be a basketcase economy. Our standard of living would drop dramatically. With a 40c dollar and everyone very poor and wages low we'd be a competitive country again at manufacturing. The cities would build new industrial areas again. Just watch what happens to Britain to find out how we'd go?

Long live the commodity boom eh?


See ya's.
 
next thing we will see is a statement from RIO, we agree to pay the tax, sorry we have to stand off 10,000 employee's to fit it in,

Seriously, folks you would thing after 1000 years of inteligent thinkers,the planet would work so much better, truly??? what the?:confused:
 
I'm surprised nobody has picked up on the federal governments tax increase on cigarettes.

cigarettes have a weighting component of 2.55% for determining CPI.
The 25% increase in taxes is expected to increase CPI by 0.42%

This increases the probability of inflation moving outside the upper limit of 3%.
Hence this will put pressure on the RBA to increase interest rates into the restrictive zone sooner rather than later.
 
if volume of ciggies drops tho it won't have an impact. it's such a soft target it's incredible. expect more tax hikes on them I would say. alcohol too (that'll hurt me!)
 
Guys

It would seem to me that taxing the people / firms etc that are making the biggest profts is a sound idea. Would you prefer these guys to pay themeselves 20 million dollar bonus's? Thats more than likely where profits are going not being re invested.

We forget that Norway is the world richest country and has a heavy tax regime and spread the love where they can. The conservatives dont like it there either.

Surely there should be a balance.
 

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