Kevin Rudds Mining Tax Explained.

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Jules & Julia...isn't there a movie along those lines?

[Guest XR09]

Real photo's showing the effect of Rudd's mining tax

Don't forget how his stimulous package worked

It's a slow day in a dusty little Australian town. The sun is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit.

On this particular day, a rich tourist from down south is driving through town , stops at the local motel and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs in order to pick one to spend the night in.

He is given keys to a few rooms and as soon as the man walks upstairs, the owner grabs the $100 bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to repay his debt to the pig farmer.

The pig farmer takes the $100 and heads off to pay his bill at the supplier of feed and fuel.

The guy at the Farmer's Co-op takes the $100 and runs to pay his drinks bill at the local pub.

The publican slips the money along to the local prostitute drinking at the bar , who has also been facing hard times and has had to offer him "services" on credit.

The hooker rushes to the motel and pays off her room bill to the motel owner with the $100.

The motel proprietor then places the $100 back on the counter so the rich traveler will not suspect anything.

At that moment the traveler comes down the stairs, picks up the $100 bill, states that the rooms are not satisfactory, pockets the money, and leaves town.

No one produced anything. No one earned anything.

However, the whole town is now out of debt and looking to the future with a lot more optimism.

And that, ladies and gentlemen, is how the Australian Government's stimulus package works!!!

[MICKAJ]

Money spent is better than money idle. Let me guess a pro mine supporter rather than an independant put together the fact sheet

I take it no body here works for a gov dept? If they did they would realise the government is a puppet that only operates as well as the people feeding them the words and reports. Voting doesn't actually do anything lol, business cases and smooth Directors/Executives do.

Personally screw the rich pr!cks who pocket millions from digging stuff out of our country, not like the crumbs aren't worth anything after the tax. Also not the first time they have ran down the road saying they will be put out of business and ruined.

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Have to disagree with you there...the bureaucrats (Henry) produced 138 recommendations as part of the much anticipated review that started two years ago and was delivered to government six months ago. Krudd has taken his time and hand-picked a few that suit his agenda and ignored the rest. Can't get much more politically motivated than that can you?

Same debarcle that GST ended up being thanks to Democrat & Labor opposition, instead of being 10% on everything and abolishing almost every other tax in existence it's an aborted mess that for example means you need a scientific analysis on fruit juice to determine it's actual fruit content to decide if it's GST applicable or not. Real clever.

Although I must agree the 'fact sheet' is bullsh*t. The problem with any of these things you get two opposing sides that are so pig-headed and determined they have no qualms about stretching the truth a bit to suit their own agenda.

[GOLDIE]

you dont get it do you if rudd was going by what his advisors said he should check what they tell him first or he is as bad as them.

As for rich pricks good on them part of running a business is to make money not loose it.

Rudd and swan would not las t 12 months in big business the way they have wasted our money yes yours and mine.

they have no idea where and how to get the country out off the massive debt they have created.

WE AS A NATION ARE BROKE BECAUSE OF THERE WASTAGE and now they want to tax the mining industry to the hilt and drive them from the country.

This will only make it harder for you and I to make a living.

it is time we as a nation told the current goverment to stop wasting our money.

our kids and there kids and no doubt thiers are going to be paying for rudd swan and gillards 2 yyears of unconttroled and useless spending.

how does that make you feel.

I know I am scared for the future after the last to years.

hawke and ketting did this to us before and it took 12 years to get back to the black and these bastards have riuned it in 2 years.

ian

[RHR]

[BlackXR6T]

Well if you likeRudd or not. Consider this. Do you think these multinational companies really give two hoots about this country? they are here to "rape and pillage" they are all about the most amount of profit for the least amount of outlay. I work in the industry and the disparity in this industry is pure greed. im an electrician and my manager at a coal mine is on 750k. who knows that his bosses are on! I would personally like to see a share of the profit. After all it is Australia's resources and the comunities are entitled to a fair share. Do you think the big rio and xtrata bosses are doing it hard? Lets think of what a billion is.... 100 million. now these companies profits are tens of billions. Does that put it in prospetive? I pay 38 cents in the dollar so why are they winging and moaning about paying more??

These idle threats about going over seas! Where are all the iron ore and coal? here! do you really think they are going to get ships to send coal all the way from canada to china, when australia are on there door step. We are been robbed blind.

Here is some facts worth considering

My link

Edited 09/06/10 11:25 AM by BlackXR6T

[ronburgundy]

The biggest problem: The super profits tax is all about making sure Australia gets to keep some benefit from the so-called rape and pillaging of its natural resources. Fine in theory.

PROBLEM IS: If all these companies suddeenly start yanking their projects from Australia because they are going to lose more than half of their profits... well... 40% of ZERO is a big fat effing zero!

Whether you agree with the rhetoric or not, the above is fact. Maybe they will start coming back to Australia eventually but surely they disappear for decades before that happens. These sorts of projects aren't exactly fly-by-night.

[mic]

^^ 750k ?? are u sure ? that's a pretty wild number for a manager lol. all I can say is that if we are going to have to pay 12c per kilometre for the motorways, I wont be able to afford to drive to work. freakin stoopid. huge super tax, tax raised in the south east to cope with inflation along with everything else. no one will be able to afford to live in qld !!!

[BlackXR6T]

this is all scare tatic. In my area we are still going ahead will multi billion(hunter valley) expansions. I cant speak for other areas but that is the case here. And yes I am sure that is the figure I sourced it from the Rio Tinto budget information. And that is our mine manager and our particular mine made 700 million profit last finical, in the GFC. have these companies closed any mines? due to this tax? no they havnt.

I also agree with the "in theory bit"

I dont trust any politian to do this right thing with the money earned from the tax. I have no doubt that any gov. lib or labour will squander it