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Gary Stevenson: "Tax the Mega Rich" (Read 1452 times)

MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #30 - May 12^th, 2026 at 3:22pm

Bobby. wrote on May 12^th, 2026 at 3:13pm:

MeisterEckhart wrote on May 12^th, 2026 at 3:05pm:

Bobby. wrote on May 12^th, 2026 at 2:45pm:

Good on him I say -
he has probably paid 100 times more tax than we ever did -

he's paid his dues and now he can laugh and enjoy his life.

And now appears on a Gen-Zer's YouTube channel as big wise buana advising Gen-Zers on how to evade tax, which could wind them up stateless and in jail in any one of multiple jurisdictions.

You're not a glass half full kinda guy. Grin

Grin

Well... y'know... the likes of 'Adam' are common enough... spruiking how they pulled it off dumping their citizenship to live in a dodgy and corrupt/failing state... who can't return to their former home country lest they risk arrest...

Found himself a billionaire because he bought into bitcoin when they were worth less than a cheap tin of cat food, did he?

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MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #31 - May 12^th, 2026 at 3:28pm

lee wrote on May 12^th, 2026 at 3:18pm:

MeisterEckhart wrote on May 12^th, 2026 at 3:09pm:

Yep, so that kind of wealth is not mega-rich by Stevenson's standards, that is moderate... and light years away from allowing the capacity to control the state

So how then do the mega-rich control the state? Rig elections? Although the leftists do try. But I suspect that is more to do with them rather than trying to control the state. It is the leftist mega-rich that have been pushing the climate change barrow.

The Australian government's proposed royalties on mining profits is one example...

What did Rhinehart and co do? They launched a massive advertising campaign to convince Australians that what was in their interests would have consequences... like: 'we'll shut down our mines, 'cos we can... We'll lay off thousands of employees 'cos we can...

And it worked.

An Australian PM and administration doesn't politically fart without clearing it with those who can control the economy.

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lee

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #32 - May 12^th, 2026 at 3:40pm

MeisterEckhart wrote on May 12^th, 2026 at 3:28pm:

The Australian government's proposed royalties on mining profits is one example...

Australian miners already pay royalties to the states, why should they be lumbered with yet another pseudo-tax? Royalties are based on volume not the sale price. All it would do is raise the cost of the raw material. That would probably have the flow on effect of reduced exports. Reduced exports, reduced profits, reduced income tax for the miners.

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MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #33 - May 12^th, 2026 at 4:05pm

lee wrote on May 12^th, 2026 at 3:40pm:

MeisterEckhart wrote on May 12^th, 2026 at 3:28pm:

The Australian government's proposed royalties on mining profits is one example...

Australian miners already pay royalties to the states, why should they be lumbered with yet another pseudo-tax? Royalties are based on volume not the sale price. All it would do is raise the cost of the raw material. That would probably have the flow on effect of reduced exports. Reduced exports, reduced profits, reduced income tax for the miners.

As I said... it worked.

You, as an Australian, would have benefited from royalties... but what are you doing with your 'probablies'? You're fighting Rhinehart and co's fight for them.

China is by far and away our largest market with iron ore and other metals...

Whatever extra they'd pay to partially pay for royalties is chicken feed... especially given that there is no reliable alternative to Australian mining products.

We're less than 30 million people... How petty would a royalty surcharge to partly cover all Australians appear to the Chinese?

Australia's minerals, which are the property of all Australians, are of the highest grade anywhere in the world... Australian infrastructure is second-to-none in its capacity to maintain a steady supply... Australian on-time delivery is the best in the world.

Even the Chinese couldn't dream up a myth as good as the deals they're in with Australia... Do you think they'd quibble with perfection over a minor increase in prices to help support Australians who number less than one major Chinese city?

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lee

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #34 - May 12^th, 2026 at 4:25pm

MeisterEckhart wrote on May 12^th, 2026 at 4:05pm:

As I said... it worked.

It worked? really? Grin

Grin

Grin

Grin

Grin

MeisterEckhart wrote on May 12^th, 2026 at 4:05pm:

You, as an Australian, would have benefited from royalties..

I have already benefited from royalties. Royalties are not taxes. make up your mind what you want.

MeisterEckhart wrote on May 12^th, 2026 at 4:05pm:

but what are you doing with your 'probablies'? You're fighting Rhinehart and co's fight for them.

And you show you don't do economics at all. Roll Eyes

Roll Eyes

MeisterEckhart wrote on May 12^th, 2026 at 4:05pm:

China is by far and away our largest market with iron ore and other metals...

Whatever extra they'd pay to partially pay for royalties is chicken feed... especially given that there is no reliable alternative to Australian mining products.

You don't read the mining news, do you. Indonesia and a host of others are selling mining products to China. China is already saying Australian iron ore, coal etc are too expensive.

MeisterEckhart wrote on May 12^th, 2026 at 4:05pm:

How petty would a royalty surcharge to partly cover all Australians appear to the Chinese?

Have a look at what China does in the market. Refuse shipments, impose tariifs to stop the supply. You really are a nonsense.

MeisterEckhart wrote on May 12^th, 2026 at 4:05pm:

Even the Chinese couldn't dream up a myth as good as the deals they're in with Australia... Do you think they'd quibble with perfection over a minor increase in prices to help support Australians who number less than one major Chinese city?

Maybe that is why they go to places like Indonesia for supply, coal, cobalt , nickel. Roll Eyes

Roll Eyes

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MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #35 - May 12^th, 2026 at 5:23pm

The Minerals Resource Rent Tax (MRRT)—a federal tax often referred to as extra royalties or a "mining tax" on iron ore and coal—was formally scrapped in Australia in 2014, which was introduced in 2012 by the Gillard Government but was repealed by the Abbott Government following a 2013 election commitment to abolish it.

The repeal was not simply a technical policy reversal. It followed a sustained, expensive political campaign by the mining lobby targeted at Australians, including a multi-million-dollar advertising offensive against Labor’s original resource-rent tax, which helped weaken the proposal before the Abbott Government finally repealed the watered-down version in 2014.

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Leroy

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #36 - May 12^th, 2026 at 5:36pm

MeisterEckhart wrote on May 12^th, 2026 at 4:05pm:

lee wrote on May 12^th, 2026 at 3:40pm:

MeisterEckhart wrote on May 12^th, 2026 at 3:28pm:

The Australian government's proposed royalties on mining profits is one example...

Australian miners already pay royalties to the states, why should they be lumbered with yet another pseudo-tax? Royalties are based on volume not the sale price. All it would do is raise the cost of the raw material. That would probably have the flow on effect of reduced exports. Reduced exports, reduced profits, reduced income tax for the miners.

As I said... it worked.

You, as an Australian, would have benefited from royalties... but what are you doing with your 'probablies'? You're fighting Rhinehart and co's fight for them.

China is by far and away our largest market with iron ore and other metals...

Whatever extra they'd pay to partially pay for royalties is chicken feed... especially given that there is no reliable alternative to Australian mining products.

We're less than 30 million people... How petty would a royalty surcharge to partly cover all Australians appear to the Chinese?

Australia's minerals, which are the property of all Australians, are of the highest grade anywhere in the world... Australian infrastructure is second-to-none in its capacity to maintain a steady supply... Australian on-time delivery is the best in the world.

Even the Chinese couldn't dream up a myth as good as the deals they're in with Australia... Do you think they'd quibble with perfection over a minor increase in prices to help support Australians who number less than one major Chinese city?

Just wow, you know nothing about this, China are developing iron ore deposits in other countries with the intention of not buying Australian iron ore.

Just some basic information for you
Quote:

As of May 2026, China remains the world's largest iron ore consumer, importing over 75% of global seaborne supply. Amidst efforts to reduce dependency on Australian and Brazilian imports, China has begun receiving shipments from the massive Simandou project in Guinea. Recent negotiations have seen China's state-backed CMRG secure pricing deals with major miners like BHP, incorporating yuan-denominated port prices

Trump derangement syndrome
Fareed Zakaria defined the term as "hatred of President Trump so intense that it impairs people's judgment"

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MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #37 - May 12^th, 2026 at 5:41pm

Leroy wrote on May 12^th, 2026 at 5:36pm:

Just wow, you know nothing about this, China are developing iron ore deposits in other countries with the intention of not buying Australian iron ore.

Just some basic information for you
Quote:

As of May 2026, China remains the world's largest iron ore consumer, importing over 75% of global seaborne supply. Amidst efforts to reduce dependency on Australian and Brazilian imports, China has begun receiving shipments from the massive Simandou project in Guinea. Recent negotiations have seen China's state-backed CMRG secure pricing deals with major miners like BHP, incorporating yuan-denominated port prices

And good luck with all that...

A military coup, social or political collapse in that part of Africa, and it's back to the tried and true.

Everything China does in Africa is predicated on corrupt dealings with African leaders.

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Leroy

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #38 - May 12^th, 2026 at 5:49pm

MeisterEckhart wrote on May 12^th, 2026 at 5:41pm:

Leroy wrote on May 12^th, 2026 at 5:36pm:

Just wow, you know nothing about this, China are developing iron ore deposits in other countries with the intention of not buying Australian iron ore.

Just some basic information for you
Quote:

As of May 2026, China remains the world's largest iron ore consumer, importing over 75% of global seaborne supply. Amidst efforts to reduce dependency on Australian and Brazilian imports, China has begun receiving shipments from the massive Simandou project in Guinea. Recent negotiations have seen China's state-backed CMRG secure pricing deals with major miners like BHP, incorporating yuan-denominated port prices

And good luck with all that...

A military coup, social or political collapse in that part of Africa, and it's back to the tried and true.

Everything China does in Africa is predicated on corrupt dealings with African leaders.

Burying your head in the iron ore won't change anything.

Trump derangement syndrome
Fareed Zakaria defined the term as "hatred of President Trump so intense that it impairs people's judgment"

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MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #39 - May 12^th, 2026 at 5:59pm

Leroy wrote on May 12^th, 2026 at 5:49pm:

MeisterEckhart wrote on May 12^th, 2026 at 5:41pm:

Leroy wrote on May 12^th, 2026 at 5:36pm:

Just wow, you know nothing about this, China are developing iron ore deposits in other countries with the intention of not buying Australian iron ore.

Just some basic information for you
Quote:

As of May 2026, China remains the world's largest iron ore consumer, importing over 75% of global seaborne supply. Amidst efforts to reduce dependency on Australian and Brazilian imports, China has begun receiving shipments from the massive Simandou project in Guinea. Recent negotiations have seen China's state-backed CMRG secure pricing deals with major miners like BHP, incorporating yuan-denominated port prices

And good luck with all that...

A military coup, social or political collapse in that part of Africa, and it's back to the tried and true.

Everything China does in Africa is predicated on corrupt dealings with African leaders.

Burying your head in the iron ore won't change anything.

Whatever that means...

China's been 'cutting Australia off' for at least as long as Xi Jinping has been in power, as part of China's 'strategy' to weaken or drive a wedge between the US-Australia alliance.

Unfortunately for China, its usual strategy of rotting out a nation's political system by corruption and taking control of its resources has not worked in Australia...

In Africa, there's a wealth of political trash in power queueing up to be bought... until they're shot in the face by a rival, and it's back to the drawing board for China.

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Bobby.

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #40 - May 12^th, 2026 at 6:26pm

MeisterEckhart wrote on May 12^th, 2026 at 3:22pm:

Bobby. wrote on May 12^th, 2026 at 3:13pm:

MeisterEckhart wrote on May 12^th, 2026 at 3:05pm:

Bobby. wrote on May 12^th, 2026 at 2:45pm:

Good on him I say -
he has probably paid 100 times more tax than we ever did -

he's paid his dues and now he can laugh and enjoy his life.

And now appears on a Gen-Zer's YouTube channel as big wise buana advising Gen-Zers on how to evade tax, which could wind them up stateless and in jail in any one of multiple jurisdictions.

You're not a glass half full kinda guy. Grin

Grin

Well... y'know... the likes of 'Adam' are common enough... spruiking how they pulled it off dumping their citizenship to live in a dodgy and corrupt/failing state... who can't return to their former home country lest they risk arrest...

Found himself a billionaire because he bought into bitcoin when they were worth less than a cheap tin of cat food, did he?

You still haven't watched the video and now you're making stuff up. Roll Eyes

Roll Eyes

Adam comes back to Australia quite often -
he just doesn't live here anymore.

Watch it properly and learn something:

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Sir Grappler Truth Teller OAM

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #41 - May 12^th, 2026 at 6:28pm

'Royalties' are chicken feed from our resources, that vanish into consolidated revenue never to be seen again until some party decides an old mate on the hustings or on the barricades - whatever - needs a fine position as a 'commissioner' for this or that.. a Gauleiter in other words .. complete with fine office, finely paid staff and fine super retirement scheme totally protected by Howard's Way.

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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MeisterEckhart

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #42 - May 12^th, 2026 at 6:34pm

Bobby. wrote on May 12^th, 2026 at 6:26pm:

You still haven't watched the video and now you're making stuff up. Roll Eyes

Roll Eyes

Adam comes back to Australia quite often -
he just doesn't live here anymore.

Watch it properly and learn something:

[]https://www.youtube.com/watch?v=NAqvKD9SUZc[]

You think he's the only one to scoot from Australia and settle down in a corrupt nation?

Why Cypress? Why Panama? Both nations with a bad reputation for allowing access to illegal or questionable wealth... Coincidence?

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Bobby.

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #43 - May 12^th, 2026 at 6:50pm

MeisterEckhart wrote on May 12^th, 2026 at 6:34pm:

Bobby. wrote on May 12^th, 2026 at 6:26pm:

You still haven't watched the video and now you're making stuff up. Roll Eyes

Roll Eyes

Adam comes back to Australia quite often -
he just doesn't live here anymore.

Watch it properly and learn something:

[]https://www.youtube.com/watch?v=NAqvKD9SUZc[]

You think he's the only one to scoot from Australia and settle down in a corrupt nation?

Why Cypress? Why Panama? Both nations with a bad reputation for allowing access to illegal or questionable wealth... Coincidence?

He went to countries that don't tax the living Christ out of people with money.

We need people with money to invest here in Australia
but they are leaving now due to the 100s of taxes.

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Bobby.

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Re: Gary Stevenson: "Tax the Mega Rich"
Reply #44 - May 12^th, 2026 at 6:57pm

What about moving to New Zealand?
is it better for rich people?

Google AI:

New Zealand does not have a comprehensive capital gains tax, meaning general profits from the sale of assets like shares, crypto, or property are typically not taxed if held as long-term investments. However, the government does tax specific capital gains as ordinary income in several key scenarios, functioning as a targeted or "lite" capital gains tax.

Key areas where capital gains are taxable include:

Residential Property (Bright-Line Test): Profits from selling residential property are taxed if sold within 10 years of purchase (for properties bought on or after March 27, 2021) or within 5 years for certain new builds and properties bought between 2018 and 2021.

Share Trading: If the Inland Revenue Department (IRD) classifies you as a "trader" rather than a passive investor—based on intent, frequency of transactions, or business-like behavior—profits are taxed as income.

Foreign Investments: Investors with foreign shares exceeding NZ$50,000 in cost are subject to Foreign Investment Fund (FIF) rules, which tax gains based on prescribed methods like the Comparative Value or Fair Dividend Rate methods.

Financial Arrangements: Gains on certain financial instruments, such as bonds or currency fluctuations, are taxed under financial arrangement rules, often on an accrual basis.

Crypto and Personal Property: The IRD generally considers cryptocurrency and assets bought with the specific intention of disposal to be taxable income upon sale.

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