Quick question for the Liberal Party (and its supporters), busy whinging that hardly any of the Henry Review recommendations are being implemented by the government – which ones would you implement? To follow up – which suggestions, abandoned by the ALP (undoubtedly for reasons of political cowardice) would you be brave enough to put to the Australian people? Any? Tell us.
Putting a great big tax on the mining industry is like handicapping our most successful athletes. It’s bound to drive investment and jobs overseas.
Or as Joe Hockey keeps putting it:
This is crucifying the golden goose.
…What utter garbage! The thing about resources is that those jobs can’t “disappear overseas” because the resources in question ARE ACTUALLY HERE. In the ground. Digging them out and taking them overseas is the entire industry. Which the government is proposing to tax. And as long as the tax isn’t so high that it reduces demand in these booming markets – which it won’t be – then all that’s happening is that the government is demanding that more of that goose (that goose that the mining multinationals didn’t make, but just found here) be shared with the rest of the country. And why the hell shouldn’t it be? They’re our natural resources.
Does anyone really think the mining giants are going to forsake the huge profits presently available in that market just because they have to pay some more of them in tax?