Who manages the economy makes a big difference., page-17

It really doesn't matter who is elected to Government,
our economy is on average 75% governed by the private
sector with 25% of GDP collected in tax and redistributed
via a very costly bureaucracy that absorbs over 10% of that.

Our fundamental economic problem is that Governments over the past
50 years have not adequately taxed our natural resources.

For example Saudi Arabia has no personal income tax due to
its management of its natural resources and we have the audacity
to denigrate the Saudis. Just imagine if our natural resources could produce enough
Government income so that no Aussie would have to pay personal income tax.
How rich would we be.

Or conversely if we were like Norway where the proceeds of our natural resources
would be better than the Average Aussie's super pension ...no super contributions required
with the average Aussie with 10% more take home pay!

Instead we sold out in the 70s & 80s and now these hundreds of Billions profits
from Aus resources are pissed up against the walls in the Ginza, London & Wall St !!!

Given that we can't unscramble the egg, then at least we should learn from
it so that we don't sell out our emerging resources./industries for 2 bob..
otherwise we'll be considered globally as being really stupid!