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pintohoo

80,490 Posts.

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22/03/20

11:52

Post #: 43629001
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Originally posted by EyeoftheTiger ↑

If you do that, they will just shift production to a different country. We don't have a monopoly on iron ore, we just have decent grades and infrastructure, but in the long run the trillions in profits you project will be eroded by higher productiin costs as grades drop and additional infrastructure investment is required.
It mmakes me sick the way socialists salivate over taking hard earned returns of private companies. Do you not understand that a mining royalty like all taxes are an inefficient redistribution of income!!! You're robbing shareholders so you can support dumb government spending, you're not getting anything extra!!!!!!!!!

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We do realise that these ‘private’ companies are mostly foreign owned, don’t we?

So we are allowing foreigners to dig up Australia’s dirt, sell it for profit

but, you don’t want Oz to make good royalties out of it?

hmmmm?
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