One word 'super' changed Australian history. When Rudd was PM,
he wanted to tax the Excess Profits that billionaire miners made.
He called it a 'Super Tax' that many voters thought meant a tax on
superannuation savings. Hence his plunge in popularity that Julia
exploited for a power grab. As PM, Julia was a big spender on
social programs but was inept at raising revenue. She needed
a quick negotiating success (to be unlike Rudd) but the
Big Miners played hard-ball. She caved in and the
excess mining profits tax only got $200 million
not the projected $2 billion in revenue.
The problem was: Julia had committed $2 billion (she didn't have)
to her social programs. Rudd was right in playing Hard Ball with
filthy rich billionaire miners. They played Julia like a fiddle.
Rudd's big mistake was to call his excess mining profits tax a
'super' tax which confused voters. One word as his undoing.
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One word 'super' changed Australian history. When Rudd was PM,he...
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