The govt has been elected to govern in whatever way it sees fit. It can put a tax on whatever it likes, that’s its prerogative. Just because it is legal though, doesn’t mean it’s moral. Taxation is stealing and now it is the turn of the miners to feel the wrath of tax.
The issue seems to come down to ownership. Who owns the minerals being mined? Rudd is appealing to our patriotism by suggesting we have a right to these profits as they minerals are owned by Australians.
But these companies have poured in masses of capital to be able to mine these minerals and employ masses of Australians to do so. They are a legitimate business making a big profit. Good on them
By taxing their big profits it is punishing entrepreneurship and business acumen. They shouldn’t be punished for doing well. This creates a culture that doesn’t aspire to succeed. Why bother when you will just be slugged with a giant tax?
But these companies have poured in masses of capital to be able to mine these minerals and employ masses of Australians to do so. They are a legitimate business making a big profit. Good on them
By taxing their big profits it is punishing entrepreneurship and business acumen. They shouldn’t be punished for doing well. This creates a culture that doesn’t aspire to succeed. Why bother when you will just be slugged with a giant tax?
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