The Forum > General Discussion > The mining tax, or is it the mining axe?
The mining tax, or is it the mining axe?
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Posted by Anthonyve, Wednesday, 14 March 2012 12:49:23 PM
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*Iron Ore mining belongs to AU as a whole, any reason to say otherwise has long past it's use by date.*
So 579, are you saying that the Australian constitution is invalid and has passed it use by date? The thing is, West Australian taxpayers have to wear all the infrastructure costs associated with all this new mining growth, but you leeches want to take most of the profits. Hardly a fair deal. Posted by Yabby, Wednesday, 14 March 2012 2:41:28 PM
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Yabby, by "leeches" i assume you mean the majority of Australians who do not live in WA.
That would be the same leeches who supported WA back when it didn't have a mining boom going on. Much of that infrastucture was paid for by a disproportionately high percentage (on a population basis) of GST revenue given to WA bach when it had too small a population to fund such expenditure on its own. Anthony http://www.observationpoint.com.au Posted by Anthonyve, Wednesday, 14 March 2012 2:54:45 PM
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Rechtub you got of to a flyer here.
I know you well enough to understand you truly think the mining tax could kill mining in this country. No chance bloke, not any. And considering the nature of Conservatives fear campaign no wounder some believe. You will see some say other country's will get our miners, they already have BHP is one of many mining in other country's. If I could just have one wish, just and only one, it would be to revisited the ideas that climate change is fraud, this tax unneeded or harmful, in 20 years. Have no chance of doing that but others could if they wish, look at past concerns. Like the introduction of Child welfare payments, said to be communism even by the COE. Posted by Belly, Wednesday, 14 March 2012 3:01:01 PM
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Yes Yabby, that is the issue here, that being, sharing the risks, not just the spolis.
Assuming the worst, that being the demand completely drops off, to a point whereby the minerals are not worth while mining, what then. Do you think the likes of 579 would be happy to prop up the west and QLD to help pay for these unused, un paid for assetts. Anton, the last thing small business wants is tax cuts. Unless of cause your idea of small business is coles and wollies. What they really want is making running their businesses easier. Say the have a before tax profit of $150,000 and, they get a 2% tax cut. Big deal, that's less than a night out at the movies each week and, assuming there is anothe pay rise of say 4%, there goes your movie tickets. If any government wants to help small business, remove the hurdles surrounding employing. Posted by rehctub, Wednesday, 14 March 2012 3:06:02 PM
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*Much of that infrastucture was paid for by a disproportionately high percentage (on a population basis) of GST revenue *
Err what year was that Anthony and how much was paid? I remind you that we are talking billions for infrastructure. WA has always carried its weight by being the major export state. 10% of the population generates nearly half the country's export revenue. Without us, you would frankly be a banana republic. Decades ago, WA did indeed get some help, in return for being forced to buy shoddy and overpriced Eastern states manufactured goods, increasing input costs for our export industries, so hardly a free lunch. The GST carve up stinks, it really does. Just give us back our GST or my point remains, we wear the ongoing costs and you lot are the leeches. That is tyranny by the majority. No wonder I support WA seceding. I stick up for what is fair and just. Posted by Yabby, Wednesday, 14 March 2012 3:45:54 PM
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Every Australian in part owns those resources. Okay, there's the "possessions of the crown" issue, but the practical reality is that minerals are a national asset.
Therefore, every Australian should share in the vast profits generated by mining those national resources.
The only practical way is via a tax on the "super profits"..
Furthermore, if those mining tax revenues fund tax relief for smallbusinesses, then that would go some way to easing the difficulties caused by the two speed economy.
And that helps everyone, directly or indirectly as it helps small business to survive and to employ.
Anthony
http://www.observationpoint.com.au