the whole reliance of our economy on resource trade is a dangerous thing in itself
thats one thing that I will agree on.
Any economy that is one sided in anything is exposed to changes in world trends.
ta
rolf'
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the whole reliance of our economy on resource trade is a dangerous thing in itself
i'm not talking about stocks here, talking about actual business
sure mining has years of high demand and years of low demand. but once the mine is established - it will produce income for years and decades.
same with oil and gas. so while there is some risk, it's nowhere near the profit majority of companies get, and the returns are nowhere near the returns other businesses get.
mining doesn't produce anything, and it doesn't create value. all it does is digging stuff out of the ground and selling it, hence why it should be taxed through the roof, as stuff in the ground belongs to all australians
the whole reliance of our economy on resource trade is a dangerous thing in itself
i'm sure it's a high risk, but somehow mining companies make billions in after tax profits year after year despite the crisis etc.
also i'm sure that taxation regime change is one of those risks which was incorporated in previous profits
so do banks .oil companies. owners of large super markets.
You forgot Telstra. I forget the actual figures but over 60c in every dollar billed goes straight to their bottom line. But "Mums 'n Dads" own that.
(ok I know it's more complicated than that, but couldn't resist )
funny, huh?
funny, huh?
funny, huh?
funny, huh?
who said otherwise? representatives of mining companies?
If you want to tax "super profits" the banks would be an even more popular target. They make billions every quarter, surely they can chip in a little?
So you reckon they are not mining our resources? Really? They are mining our pockets!!!!!
^ ^ What Oracle said!
You've got to be kidding right? You're falling for the Swan/Rudd crap. You can make a chart look like whatever you want if you exclude important parts.