I am fully resigned to an Abbott government after the next election.
However, one of the few upsides will be the pleasure of watching rechtub desperately searching around for someone to blame all the worlds ills on.
By way of a reality check, rechtub, you may want to look at today's The Age, (can't post a link as I read it on my pad and I'm writing this on my laptop), where you will find that Australia is the ninth lowest taxed country in the world.
So, if you must endlessly whinge about taxes perhaps you might want to move to one of the other couple of hundred countries that are taxed more heavily than Australia is.
Anthony
http://www.observationpoint.com.au

Ludwig, a tax on profits is nothing like an increase to production costs.

Whereas increases can be passed on to the purchaser, tax can't, as it is a tax on profits, not an increase in production costs.

Nobody can put their price up simp,y because they pay too much tax.

If royalties increase, the cost of our minerals would have to increase, or at least have a better chance of and this would still have the desired effect in increasing the wealth for the states. Increased royalties would also have a lesser chance of costing jobs.

You say, But the main purpose of the MRRT is not to better distribute taxes; it is to increase the value of our mineral wealth for ordinary Australians, is it not?

No, that's what royalties are about. Increase them and you increase the wealth.

...And the MRRT will presumably result in more activity conducted for the good of the community far away from the mining sector, which will create jobs.

Your word 'presumably' further amplifies the fact that it is a gamble with no assurances it will work. Again I emphasize that one should only gamble with what one can afford to loose.

....The MRRT, which really is just a very small change in the balance.......

You're kidding! This is a huge tax on after tax profits.

I have said all along, tax the eggs, not the chickens so the chickens can continue to lay the eggs.

...I’d also say that mining activity needs to be reined in a bit

I agree, trouble is, mining is a bit like pokies in the pubs/clubs, they simply can't survive without them now. We are in the same boat.

The extra tax would be nice saved, rather than relied on to replace some of the wasted billions and fund moving forward.

Unfortunately, money can only be spent once.

My opinion on why they have chosen the tax instead, is so thelikes of VIC AND NSW can enjoy the spoils. Now as I say, that's not a problem, but all spoils should be shared.

Only one thing is certain,none of candidates can manage it.
Abbot,does not want it will not be able to unwind it and anyway wants to give us a carbon tax with a different name.
Gillard,has no idea how to manage anything but hopes if she can throw enough money around people will forget it
Milne,will call the United Nations Administrators in once we go broke

Anton, while I don't disagree with you on taxes, what you have to take into account is our rather small population. We simply don't have enough bums on seats to support both our life styles and our forever increasing hanger- oners.

To simply over tax someone simply because they make what is considered as, 'too much money' is absurd in my view, especially when the mechanism is already in place to increase the return for the people, that being royalties.

Now as for Tony Abbott leading us, that's also a worry in a way, as this means our leader will be far lesser a leader than the one Rudd replaced, who, incidentally was replaced by what labor described as better leader. You know, the 'real Julia', although one could get confussed as it appears there are a few of these.

She should be so far in front it's not funny, in fact, the polls should read, Julia first, daylight second, but the plain truth is she and her cabinet ar simply incapable of administering anything without it either costing more than it reaps, or, being completely stuffed up. Take your pick, as there are many failed trophies in the cabinet to choose from.

As I have said many times, the passing of legislation is like the passing of wnd if the implementation phase fails.

Enjoy the little time you have left to ponder on what could have been with labor, while the rest of us suffer in waiting.

Now while I would like to tell you that I will be ok, the tall poppies would have a field day, as working hard and investing wisely seems to be something that is despised by the under achievers we have here on OLO.

But although it may just be a struggle at times managing ones portfolio, at least I know my kids will be set for life. Tax or o tax.

Four days till the worlds biggest carbon tax takes effect.
Mining is overheating, and the barrier reef is in danger.
While Butch is having trouble managing his portfolio, he is in favor of slave labor, and all this from a butcher shop.
Cando Campbell can not do.
Sack the public servants, but do not whinge about the lack of services.
Stop all road construction, that will be good.
By all means look after the miners, and funk the barrier reef.
Tourism in Qld will take the hit, at a time when there is an all-time high, in the number of geriatric gypsies on the road, caravan parks are taken over with miners.
Even without infrastructure, mining will go ahead, at all cost.

I would like to thank Juliar for introducing this odious tax in spite of public opinion against it and contrary to a promise she made. She has all but guaranteed a long long federal coalition government.