RIO 3.30% $113.66 rio tinto limited

Is RIO already "nationalised"?, page-5

  1. 10,438 Posts.
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    As I view it both the States & Federal governments can never lose money if both RIO & BHP were sold old to foreign interests as long as they employed local workers. States already have Royalties from which they "earn" $billions without owning any shares in any assets and the Federal Government could very easily introduce a Rent Resources Tax after such a takeover and if a tax avoidance or transfer schemes were to be introduced.

    Essentially Australians are giving away their assets [ there share in Australia assets - government assets value unknown and private assets ] to new citizens who can go onto a welfare annuity without needing contribute through ever working the moment they set foot on our soil but instead of my taxes going needing to go up why not sell off BHP & RIO if they going to pander to Green interests imo.

    The Government cannot lose and we the citizens cannot lose.
    It was well known in BHP HQ that staff facilities were always good when I got offered a job there some years ago, don't know now.
 
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