By the way, the Queensland Government is now collectiong more revenue from Payroll Tax ( a tax on jobs) than on coal royalties. As a reasonable person would you not think (all other things being equal) to reduce the payroll tax rate and increase the coal royalty rate and achieve a similar net result.
The primary arguement for not threatening the coal mining status quo by increasing State Royalties is that it risks reducing employment in these regions. Automation in coal mining is gradually reducing employment but multinational apologists are mute on this issue. For example many of the larger Multinationals' owned Queensland are transitioning into driverless coal haulers, dump trucks & water/dust supression trucks thereby reducing employment in lieu of imported technology.
Keep in mind that 86% of mining profits are paid to foreigners which leaves the 15% scraps for you and I to keep us quiet. IMO the mix should be the other way around......eh?
its hard to claim that we own our country when its greatest asset; our mines and resources are 86% foreign owned.
There is a similar trend in arible land while we are oblivious to this like frogs boiling
