Austerity package with the miners re-investing 75-80% of retained earnings into the resources industry vs a blatant tax grab to fund ill conceived social engineering projects. Which to choose, which to choose?
Actually a investment in reducing the tax rate in other parts of the economy, the part that actually employs the majority of Australians. Its also the part that didn't shed jobs like the mining company's during the GFC panic and also the part of the economy that will support Australia like its always done after each boom cycle.
Don,t get sucked into the story how mining save Australia, if we face a down turn the miners will have to shutdown their operations just like they always have done.
The current boom is not permanent
Mining is not the future for Australia..............once you are left with a hole in the ground you have.........a hole in the ground.
My main worry with Abbott is the cynical mantra of border protection, Pacific Solution and all that jazz. Howard mark II. Plus I remember his run as Health Minister well with his stance on issues like RU486. Scary stuff.
Yes but I am starting to think its the future.
Sometimes you need to take a step backwards to move forward.
Abbott could well damage the Liberal label
Labour is in the back pocket of the unions as much as Libs are funded by 'Big Business'.
Sorry reds under the bed is so 1960's not relevant today, unions much to their disgust have very little impact on the Labor front bench.
In fact current labor government is right of left hence Liberals RW running the show.
My comments about Abbott was more to do with his absolute support of the mining company's position which boxes him into absolutely no possible way of tax reform.
The miners should be paying more tax, royalties are an absolute joke how much more is the question not if. WA,s Barnett is desperately trying to renegotiate WA,s royalties pricing.