A Sovereign Wealth Fund is an attractive thing but it will only work in a country without internal States.
In Australia, the States own the minerals. If the Fed Govt decided to implement a tax, as has been shown, it will, when combined with State royalties, kill the mining industries.
And can you imagine having the likes of Wayne Goose in charge of a Sovereign Wealth Fund?? He was only a few short steps away from plundering everyone's Super Funds. Thank goodness they were booted out.
- Forums
- Political Debate
- making the case for a sovereign wealth fund
making the case for a sovereign wealth fund , page-4
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online