progressiveslol wrote on May 10^th, 2012 at 8:11am:



Pyne on ABC24 has just said Liberals support spending the mining tax.


Time for the Liberals to get their spin straight.

The other two new measures were the $1.1 billion supplementary allowance, which will provide cash payments to welfare recipients, and a $1.8 billion boost to Family Tax Benefit A, which is paid to low and middle-income earners.

These will be funded from proceeds of the mining tax after the government axed plans to fund a 1 percentage point cut to company tax.

The opposition opposed the company tax cut because it was funded by the mining tax. But yesterday it abandoned its principle of opposing policies funded by the mining tax and said it would support these two welfare measures.

http://www.canberratimes.com.au/business/federal-budget/cash-flows-as-mining-tax...

progressiveslol wrote on May 10^th, 2012 at 8:54am:




So why have Libers flip flopped.

Was their previous position of opposing spending the revenue from the mining tax wrong?

progressiveslol wrote on May 10^th, 2012 at 9:22am:


Where, the carbon tax revenue?

Of course it's cheaper to mine in the Congo, they have slave labour duh! If you don't like to pay your fair share go somewhere else, who cares. Swanny says we have 10% more mining applications since the introduction of the mining tax, we don't need another whingeing mining magnate, we have enough already. Go and rape the poor people of the Congo you greedy pig.
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Australia is very risky business, says our second wealthiest person Ivan Glasenberg

AUSTRALIA'S second wealthiest person has blamed the Gillard government for making the nation a less attractive place to invest than the world's poorest country - the Congo.

Ivan Glasenberg, the South-African-born head of commodities giant Glencore with a fortune valued at more than $6 billion, said the carbon tax and mining resources rent tax had made Australia a dangerous place to invest.

Speaking at a mining industry dinner in London, Mr Glasenberg said international mining companies were disadvantaged by not enjoying the same leverage in Australia that they did in poorer countries.

"At least in the Congo they need you, they want you there and if they start changing the rules, you may not continue investing," he said.

The war-torn Democratic Republic of Congo was this year voted by The Richest magazine as the poorest nation in the world.

Mr Glasenberg said the Gillard government's impositions on the mining industry made it easier for Glencore to defend investments in riskier countries: "One of the biggest questions was 'You are in difficult, risky countries, you have assets in the Congo in Africa, you have got assets in Zambia (and) Colombia (and) Kazakhstan, these are risky countries. We are not that happy investing in you, we don't know what these countries will do'.

"Ms Gillard made our life easy, because we could say 'Look, Australia just wanted to nationalise 30 per cent of their mines (with) a mineral resources tax!'

"So Australia does have its risk, yes. We saw the carbon tax, we saw the mineral resource tax. It is a first world country but is doing things that are making people cautious of investing, so Australia is becoming another country where you have got to make sure that the rules aren't going to change on you."

A spokesman for Treasurer Wayne Swan last night angrily refuted the claims.

"The facts speak louder than ever before when it comes to mining," he said.

"Figures from the Bureau of Resources and Energy Economics show Australia's pipeline of investment in resources is now at an all-time high of half a trillion dollars, growing more than 10 per cent in just six months ago."

http://www.news.com.au/business/australia-is-very-risky-business-says-our-second...

Maqqa wrote on Jun 9^th, 2012 at 9:40am:


Maqqa your a fountain of wisdom ... but what was the point of all that? and how did it relate to the debate at hand?