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Independent threatens to block mining  tax (Read 7648 times)
longweekend58
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Re: Independent threatens to block mining  tax
Reply #45 - Sep 12th, 2010 at 11:10pm
 
Sayonara wrote on Sep 12th, 2010 at 8:18pm:
longweekend58 wrote on Sep 12th, 2010 at 8:01pm:
it is the one industry that saved our economy from recession.


What absolute rubbish! I doubt that you even know what the term "Consumer Confidence" relates to, and why spending is better than saving for the whole economy?

The Mining Industry employs about 30,000 people, and IF they all earned and spent $1,500 a week - there's no way in the world that that would have kept the rest of Australia's industries afloat and out of recession!

And as for the exports of Iron Ore and Coal - That only adds to the GDP - Not cash-in-hand for the worker to spend.

More.... The Mining Fart Bubble


You forget the significantly higher tax revenues... but of course you do. It wouldnt matter what facts I presented because to you there is only ONE issue at hand. It is a labor policy and therefore you support it against any criticism. ANd that has ALWAYS been the main point for you - and for your mythical 'friends in the industry' that are demanding to pay more tax!
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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."
 
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freediver
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Re: Independent threatens to block mining  tax
Reply #46 - Sep 13th, 2010 at 11:08pm
 
Quote:
au contraire... you are trying to simply the argument that somehow because miners dig holes in the ground - that are mostly in areas that no one wants or has any other value - that they should be punished for it


Taxation is not the same thing as punishment. That is like saying anyone who supports income tax thinks people should be punished for a hard days work. How about you start by addressing what I actually say? This would go a lot quicker if you did.
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aussiefree2ride
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Re: Independent threatens to block mining  tax
Reply #47 - Sep 14th, 2010 at 8:27am
 
freediver wrote on Sep 13th, 2010 at 11:08pm:
Quote:
au contraire... you are trying to simply the argument that somehow because miners dig holes in the ground - that are mostly in areas that no one wants or has any other value - that they should be punished for it


Taxation is not the same thing as punishment. That is like saying anyone who supports income tax thinks people should be punished for a hard days work. How about you start by addressing what I actually say? This would go a lot quicker if you did.



There is an element of punishment for success, in the agenda of the parties of envy.
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#
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Re: Independent threatens to block mining  tax
Reply #48 - Sep 14th, 2010 at 4:39pm
 
longweekend58 wrote on Sep 12th, 2010 at 8:01pm:
... we must make sure we do the labor thing and punish high achievers!

As distinct from the Liberal way: pander to the richest bludgers.
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BigOl64
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Re: Independent threatens to block mining  tax
Reply #49 - Sep 14th, 2010 at 6:53pm
 
# wrote on Sep 12th, 2010 at 9:50am:
Dnarever wrote on Sep 11th, 2010 at 11:20am:
BigOl64 wrote on Sep 11th, 2010 at 11:09am:
Why does anyone who doesn't live in a mining area believe that the mining companies get the stuff for free, the fact is they pay the state government a huge royalties check for every tonne they dig up.

The original Super tax deal included a full rebate of royalties. If they are as huge an amount as you say the companies would have jumped at the offer. For many companies not making over the tax threshold they would have got a full rebate on the royalties and paid no additional tax.

The fact that the miners want to keep paying the royalties instead of paying additional 10% on profits after deductions and exemptions above the 6% profit threshold clearly indicates that the royalty payments are not the burden you infer.

I live in the Hunter Valley, one of Australia's oldest mining areas. I know people in the industry, mostly associated with smaller mining companies. For reasons that have already been canvassed, they favour the Rudd model.

The fact that the major miners choose to pay for mouthpieces like BigOl64, even in this forum, serves to demonstrate their determination to maintain the bludge that they've managed to establish over the decades. We could be flattered by the attention, but it really only shows that they have plenty of money to splash around.

The threshold is set at the long-term bond rate (currently around 6%), so it moves with the market.



Seriously, do you really think that mining companies pay me or anyone else to go onto these message boards and act as their 'mouthpeice'  Grin

I doubt the even know or care that you or I even exist, and would not waste any money on this or any other board.

You are just not that important or interesting, maybe throw in intellegent as well.  Grin

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longweekend58
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Re: Independent threatens to block mining  tax
Reply #50 - Sep 14th, 2010 at 8:01pm
 
BigOl64 wrote on Sep 14th, 2010 at 6:53pm:
# wrote on Sep 12th, 2010 at 9:50am:
Dnarever wrote on Sep 11th, 2010 at 11:20am:
BigOl64 wrote on Sep 11th, 2010 at 11:09am:
Why does anyone who doesn't live in a mining area believe that the mining companies get the stuff for free, the fact is they pay the state government a huge royalties check for every tonne they dig up.

The original Super tax deal included a full rebate of royalties. If they are as huge an amount as you say the companies would have jumped at the offer. For many companies not making over the tax threshold they would have got a full rebate on the royalties and paid no additional tax.

The fact that the miners want to keep paying the royalties instead of paying additional 10% on profits after deductions and exemptions above the 6% profit threshold clearly indicates that the royalty payments are not the burden you infer.

I live in the Hunter Valley, one of Australia's oldest mining areas. I know people in the industry, mostly associated with smaller mining companies. For reasons that have already been canvassed, they favour the Rudd model.

The fact that the major miners choose to pay for mouthpieces like BigOl64, even in this forum, serves to demonstrate their determination to maintain the bludge that they've managed to establish over the decades. We could be flattered by the attention, but it really only shows that they have plenty of money to splash around.

The threshold is set at the long-term bond rate (currently around 6%), so it moves with the market.



Seriously, do you really think that mining companies pay me or anyone else to go onto these message boards and act as their 'mouthpeice'  Grin

I doubt the even know or care that you or I even exist, and would not waste any money on this or any other board.

You are just not that important or interesting, maybe throw in intellegent as well.  Grin



well said. but you have to say it is entertaining to read the comments by the losers who obviously have their hearts set on a lifetime of welfare and for their dependants. They MUST have higher mining taxes to support their indolent lifestyles.
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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."
 
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Re: Independent threatens to block mining  tax
Reply #51 - Sep 14th, 2010 at 9:32pm
 
longweekend58 wrote on Sep 14th, 2010 at 8:01pm:
...They MUST have higher mining taxes to support their indolent lifestyles.

Given that I'm retired, enjoying the rewards of a long and productive working life, I fell justified in pointing out the there's a term appropriate to your type. I rhymes with anchor.
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qikvtec
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Re: Independent threatens to block mining  tax
Reply #52 - Sep 14th, 2010 at 9:43pm
 
# wrote on Sep 14th, 2010 at 9:32pm:
longweekend58 wrote on Sep 14th, 2010 at 8:01pm:
...They MUST have higher mining taxes to support their indolent lifestyles.

Given that I'm retired, enjoying the rewards of a long and productive working life, I fell justified in pointing out the there's a term appropriate to your type.
I rhymes with anchor.
Been studying Nietzsche recently?
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Politicians and Nappies need to be changed often and for the same reason.

One trouble with political jokes is that they often get elected.

Alan Joyce for PM
 
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mozzaok
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Re: Independent threatens to block mining  tax
Reply #53 - Sep 14th, 2010 at 10:27pm
 
# wrote on Sep 14th, 2010 at 9:32pm:
longweekend58 wrote on Sep 14th, 2010 at 8:01pm:
...They MUST have higher mining taxes to support their indolent lifestyles.

Given that I'm retired, enjoying the rewards of a long and productive working life, I fell justified in pointing out the there's a term appropriate to your type. I rhymes with anchor.


Yes, I can see how a reasonable person could come to such a conclusion, when they are dealing with people who equate having empathy for other humans as a weakness, and that anyone who would not screw over their own mother to make an extra buck is a loser.

I disagree with aspects of the mining tax, I think it does not go far enough, I believe ALL windfall profits deserve to be taxed at a higher rate, not just mining companies.
I would suggest that any windfall profits could be balanced out against past revenues declared, and then averaged over an appropriate period, to set the level of tax to be paid, which would provide a fairness for those who have "worked" to develop a business, and gone through periods of low income, then hit the jackpot, so to speak.

Where mining companies differ from other industries is where they exploit a finite resource originating in our country, and hope that the people of the country do not seek a share of the proceeds from the profits earned.
People that make things, build, things, grow things, etc, they are the ones that I feel deserve a better go from our tax system, rather than those who dig up our countries finite resources and sell it.

Banks should be up there as well when it comes to asking that they either give the consumer's better services at reduced costs, or pay more tax if they prefer to just screw everyone over in their pursuit of very high profits.

Business can be run ethically, and the tax system should provide an incentive for business owners to choose that option.

The mentality of the right seems to be that the creator of the Ponzi scheme is a hard working, clever entrepreneur, who deserves to rake in any level of profit he can get away with, without fear of paying a higher tax rate on profit earnings outside the range which normal business practices would expect to achieve.

The rest of us think that responsible and ethical behaviour should extend to all walks of life, including business, and paying a bit extra when you are lucky enough to earn windfall profits, does not seem unreasonable.

Of course, what seems reasonable to some, is interpreted as the moaning of indolent bludgers, by some of the more extreme people in our community that reside in the polar regions of opinion.
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OOPS!!! My Karma, ran over your Dogma!
 
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