Then 'the Australian people' should have bought the shares in the companies initially..
So only people with the money to buy shares in the first place should be entitled to a share of the super profits? People should be forced to invest in companies that routinely get disbanded in fire sales because banks won't lend support when things get rough? I can handle hemorrhaging money on the stock market with miners (as has happened with OZL and KZL, my biggest investments), but some people don't have the same risk tolerance - and I can't say I blame them.
the Australian people should compensate all those shareholders of failed companies. You can't simply elect to skim off the cream of the successful ones without balancing a fairer equation of giving back to all the unsuccessful ones.
They should, and I thought the proposed legislation did to some extent.
What do you think of the Saudi Arabian oil fields being largely controlled by the state? You think they would be better off opening it up to foreign investment, you think you should be able to reap some of the benefits investing there at the expense of Saudi locals (who I dare say would not have the money to invest?). Not saying Saudi nationals reap the benefits they should, like I said I have my doubts about how the government manages/distributes the profits.
