super tax myths and facts, page-92

Commodities continue to fall together with stocks while credit spreads widen sharply. The euorzone is near collapse and sovereign debt dramas could go viral. The next wave of mortgage resets and defaults (both residential & commercial property) are building in the US. Fannie & Freddie will suck trillions out of the system until the Govt can bailout no more. The next phase of deflation is unfolding.

So don't worry about a proposed 40% tax on super-profits starting in 2011. Given China's asset bubbles are starting to delever commodity prices look set to tumble so there will be no more super-profits for Australian miners for many years to come. We have much bigger issues to worry about.