Chambered Word
11th June 2010, 16:39
http://sa.org.au/australian-politics/2767-make-mining-parasites-pay-more-tax
The Resources Super Profits Tax (RSPT) will ruin us all, according to the heads of the Australian mining industry. Christmas will need to be cancelled this year because “mums and dads all over Australia will become unemployed, they won’t have the money to buy Christmas presents for their kids.”
Jan Du Plessis, Head of Rio Tinto, is worried that levelling any extra tax is “close to expropriation”, while Andrew “Twiggy” Forrest of Fortescue Metals goes further, claiming: “This is a nationalisation of 40 per cent of the mining industry and the first step towards where the despotic economies go.”
My personal favourite comes from Clive Palmer, Australia’s leading Dickensian caricature of a mining boss. He thinks that there’s something very sinister indeed lurking below the surface of all this talk about taxing the mining industry’s huge profits. Musing in the lobby of the exclusive Park Hyatt hotel, he warned reporters that “Wayne Swan probably saw himself as another Marx.” He explained:
“The super tax comes about by Marx and Engels and their famous work which inspired the Russian Revolution… you’ve got two apparatchiks of the party sitting up here trying to embark Australian on a socialist revolution.”
...
The mining billionaires even had a protest in Perth, too bad I didn't get the chance to deliver some eggs.http://images.watoday.com.au/2010/06/09/1581005/Rally_16-600x400.jpg
http://www.watoday.com.au/wa-news/axe-the-tax-as-rudd-and-twiggy-square-off-20100609-xvgw.html
Mr Forrest compared Australia with China, and wondered which was the capitalist economy and which the communist one.
"In China right now there’s a fierce debate about how to lower their resources tax to encourage the mining industry," he said.
"I ask you which communist is turning capitalist and which capitalist is turning communist.
Watch the video too. It's just so comical to see all these haute-bourgeois toffs protesting over a measly profits tax with their identical factory-produced placards, expensive gimmicks and reflective jackets in a half-arsed attempt to make themselves look like workers while grumbling about Rudd leading a communist revolution. If the tax is going to cost so many jobs, why were 500 working class people going to the Gaza protests instead of turning up to this circle jerk? I wonder. :rolleyes:
Over half the tax is going to be reinvested into other businesses to share the wealth around the different sectors anyway. Western Australia has barely seen any of it, despite all this bollocks about being in a mining boom. I don't even know how it is scientifically possible for a profits tax to run a firm out of business, and a very wealthy one at that.
The Resources Super Profits Tax (RSPT) will ruin us all, according to the heads of the Australian mining industry. Christmas will need to be cancelled this year because “mums and dads all over Australia will become unemployed, they won’t have the money to buy Christmas presents for their kids.”
Jan Du Plessis, Head of Rio Tinto, is worried that levelling any extra tax is “close to expropriation”, while Andrew “Twiggy” Forrest of Fortescue Metals goes further, claiming: “This is a nationalisation of 40 per cent of the mining industry and the first step towards where the despotic economies go.”
My personal favourite comes from Clive Palmer, Australia’s leading Dickensian caricature of a mining boss. He thinks that there’s something very sinister indeed lurking below the surface of all this talk about taxing the mining industry’s huge profits. Musing in the lobby of the exclusive Park Hyatt hotel, he warned reporters that “Wayne Swan probably saw himself as another Marx.” He explained:
“The super tax comes about by Marx and Engels and their famous work which inspired the Russian Revolution… you’ve got two apparatchiks of the party sitting up here trying to embark Australian on a socialist revolution.”
...
The mining billionaires even had a protest in Perth, too bad I didn't get the chance to deliver some eggs.http://images.watoday.com.au/2010/06/09/1581005/Rally_16-600x400.jpg
http://www.watoday.com.au/wa-news/axe-the-tax-as-rudd-and-twiggy-square-off-20100609-xvgw.html
Mr Forrest compared Australia with China, and wondered which was the capitalist economy and which the communist one.
"In China right now there’s a fierce debate about how to lower their resources tax to encourage the mining industry," he said.
"I ask you which communist is turning capitalist and which capitalist is turning communist.
Watch the video too. It's just so comical to see all these haute-bourgeois toffs protesting over a measly profits tax with their identical factory-produced placards, expensive gimmicks and reflective jackets in a half-arsed attempt to make themselves look like workers while grumbling about Rudd leading a communist revolution. If the tax is going to cost so many jobs, why were 500 working class people going to the Gaza protests instead of turning up to this circle jerk? I wonder. :rolleyes:
Over half the tax is going to be reinvested into other businesses to share the wealth around the different sectors anyway. Western Australia has barely seen any of it, despite all this bollocks about being in a mining boom. I don't even know how it is scientifically possible for a profits tax to run a firm out of business, and a very wealthy one at that.