I know this is not a politics forum, but the Howard government squandered the best mining years....70% of it went offshore in profits.
As compared to now ??????? You mean Labor are different?????
Although there is much negativity with regard to extra new taxes all business like stability in costs because their budgets far exceed the time frame of elections.
When governments bring in weird taxes out of the blue it obviously makes business wary of investing on a long term basis.
We see gas is at an all time low price in the USA, coal, iron, steel are all dropping in use and price and then we have a government bring in new costs which apart from being an extra cost are also rather strange in their application.
You only have to look at Norway's sovereign fund to see the different emphasis that the politicians place on the order of things. At least our conservatives did put in place the future fund as well as money in the bank, all of which has since been squandered
