Does Australia need a mining tax? The world needs a mining tax. Other countries are watching what is happening in Australia. If and when the tax is brought in these mining countries will follow suit, so mining companies will not have the opportunity to move offshore.
Look at the people who head the mining companies. They are not millionaires. They are billionaires. The tax won't hurt them one iota. When CEOs say they want the Government to stop bailing out small companies that fail in order to withhold the tax on them so that their children won't pay the cost, they are lying through their teeth. With the billions of dollars that they leave to their children their offspring will never want for anything.
If the Coalition wins the next election where are the funds coming from to help the not so well off and small business? Spending will be cut. This is a reality. In Germany spending has been cut. Guess who has been hit? Opposition parties are saying it is an unfair redistribution of wealth. In Britain cuts are going to be made to the poor. Australia should lead the world in wealth distribution, not follow what others are doing. Anyway, spending cuts means mass unemployment, falling prices and recession. That is what is going to happen in Europe.
Look at the people who head the mining companies. They are not millionaires. They are billionaires. The tax won't hurt them one iota. When CEOs say they want the Government to stop bailing out small companies that fail in order to withhold the tax on them so that their children won't pay the cost, they are lying through their teeth. With the billions of dollars that they leave to their children their offspring will never want for anything.
If the Coalition wins the next election where are the funds coming from to help the not so well off and small business? Spending will be cut. This is a reality. In Germany spending has been cut. Guess who has been hit? Opposition parties are saying it is an unfair redistribution of wealth. In Britain cuts are going to be made to the poor. Australia should lead the world in wealth distribution, not follow what others are doing. Anyway, spending cuts means mass unemployment, falling prices and recession. That is what is going to happen in Europe.
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