swan lied to rudd about mining tax, page-21

Vertigo,

So true........

"You think you can just acquire $10 Billion and there will not be any negative repercussions for jobs and investment? How very naive Labor of you, almost verging on the Greens level of naivety".


The reality is that TAX has roughly a factor of 3:1 in its negative effect on GDP when compared to leaving the money in the hands of those that produce the GDP.

The Tax Take should only be what is required to run those institutions that free enterprise has no authority to run, eg Military, Public Service, Gov't, Basic Levels of Education, Police etc.

MI