"If we forgo the RSPT, then the miners will be more profitable and attract housing funds into the stock market and so on the cycle goes."
and the problem with that is?
Isn't the government whinging that these profits are going offshore and we are not getting our fair share?
Well Australian's should be encouraged to invest in mining, not tax it. (Although this is Labor's philosophy as they think they can do better than the market)
Isn't the RBA's governor Glen Stevens saying "These (house) prices are getting quite high,"
