7.30 report last night "PROFESSOR JOHN FAIRBAIRN, ECONOMICS,...

7.30 report last night "PROFESSOR JOHN FAIRBAIRN, ECONOMICS, UNIVERSITY OF MELBOURNE says 'the BHPs and Rios can huff and cluff but Government can call their bluff because after all the Government and the people own those mining resources. The big losers out of this will be the current shareholders. On the other hand, it's actually going to make some marginal mines now worth doing. It's actually going to increase the level of investment and employment down the track, contrary to what the big mining companies were claiming.'"

As long as FRS only makes a huge profit and not a SUPER profit I can't see that the KRudd tax will have much of a long term effect.