kruddys resource tax

[IQSRLOW]

It's the constitutional change that you have when you know that you wouldn't have the balls to do it constitutionally.

It happens already with the GST in WA (getting back $0.68 in the dollar put in), simply because the govt (and this applies to Lib and Labia) likes to prop up the large voting base of layabouts in the east who produce fuck all but are able to dangle the keys to the lodge in front of the salivating pigs waiting to get to the trough.

But make no mistake, there is no way ANY govt can spend $9-12Bn more efficiently or effectively than a company willing to expand their business that would go directly back into the community. The government would prefer to spend that money on bureaucrats and the communities that they prefer that would win them votes, not on a community that would produce more actual revenue, real returns and real growth

[sprintcyclist]

rudds very good on his deceptive phrases. Super profits tax might be ok
but he says, "superprofits" happen at anywhere above the bank interest rate.

SO whatever any mining company makes over 6% is a "super profit" is what he says.

80% of small businesses fold in 1 year.
miners are more risky than that.

If i am faced with getting bank interst at no risk, or entering into a very risky proposition, and in the VERY unlikey possibliltiy it truns out ok, I'll get taxed at 40%.
I'll take the bank interest thanks.
I don't need to consider it.

do you ?

[Senexx]

Wow

Imagine how much higher they would have been and how many more jobs would have been created without the tax.

Now imagine how much lower they would be if the PRRT cut in at the govt bond rate in 1988

The PRRT is not retrospective and in fact you will find all the growth has been mainly in areas not subject to the PRRT

Care to try again?

You are the one that brought the retrospective argument into it. Your argument has now changed. It has changed to the underlined portion

As for this ridiculous argument that governments own anything, governments don't own a single thing. The people do. Anyone that treats a State Government or a Federal Government as a private company is not the brightest.

As for the troll Sprint, he's just shown he doesn't understand the economic rent aka RSPT at all, see my previous explanation about costs/losses

Someone say something about Consultation: LINK: Treasury official: We consulted miners extensively when designing the tax

[IQSRLOW]

You are the one that brought the retrospective argument into it. Your argument has now changed. It has changed to the underlined portion

You are the one who brought up an offset on one tax to justify the existence of another with your "care to try again?" comment.
So I did.
And you have no answer.

As for this ridiculous argument that governments own anything, governments don't own a single thing. The people do. Anyone that treats a State Government or a Federal Government as a private company is not the brightest.

Your constitutional awareness is lacking

[IQSRLOW]

Someone say something about Consultation: LINK: Treasury official: We consulted miners extensively when designing the tax

Mr Parker declined to comment in detail on the panel's consultations with industry representatives.

Consultation is not something this govt has any experience at. They launch ridiculous ideas and then backflip.

Perhaps they should get kruddy to roll up his sleeves and, notebook and pen in hand go and try and placate the miners? He did such a good job with the insulation companies

[J.W. Frogen]

I have changed my mind on this one, I think it may be a sound idea.

But I do not have time to explain now as I have to dip my bread stick in a bottle of rum.

[IQSRLOW]

I have changed my mind on this one, I think it may be a sound idea.

Sound ideas and sound implementation are two different things...and this govt has no ability to convert or sell either