you have it so wrong me thinks Australia is safe as a holiday nation and is political stable as far as safety democracy goes and people are friendly ..but raise taxes to high and you severely slow down new projects and makes australian tax system political risky so called sovereign risk you need a stable tax under both labor governments and liberal even if this new big tax on miners is scrapped so much damage has already been done, in the eyes of investors and you need investors to start new project 57% tax is scary it is so much higher than other nations
once governments start to introduce taxes over 50% 57% in this case you can start to talk about carl marx and das kapital or whatever the book was called super profits were mentioned in that book
when miners make more money the gov gets more corporate tax and royalty tax they already paying fair share if they make 1 billion more they will pay corporate tax on that more profits to gov i just do not understand the thinking of some people
