https://thenewdaily.com.au/news/national/2020/06/30/military-spending-australia/?utm_source=Adestra&utm_medium=email&utm_campaign=Morning%20News%20-%2020200701IMO, It is highly unfair to ask the average Aussie worker who is a pay packet or two away from the bread line to foot the bill to protect our natural resources from China and others. Instead we should be levying extra tax on our extractive industries and those benefitting from our trade with China, IMO.
Over the past 30 years our miners, LNG & base metals exporters have contributed the China's economic rise which has fueled its military rise and, as such , presents us with our biggest security threat, This is why it is costing us $hundreds of billions extra to defend ourselves against China.
This is a bit of a laugh because 86% of our mines are foreign owned (Mostly US) and the US is selling us the military hardware & software to protect
these resources from China and the Aussie taxpayer is footing the bill. Not a bad gig for the beneficial foreign investors...eh?
My advice to those investors is that if you pocket the profit then at least pay the security rent which, in our case is $300 billion over 15 years!
Lets face it , it costs us 1% a year of our house value home insurance so why should foreign investors(owners) not be asked to insure their Aussie property?
China is only interested in AUS because we have the resources China wants and in which China has already invested. Let's face it if we were a bigger version of Nauru (Birdshit Island) and all mined out, China would have little or no interest in Aus.
The US is heading for WW3 with China and the deal above, rather than be gifted to Australia in lieu of services provided to the USA in wars from Korea up to the present M/E wars, they are, like good old capitalists , selling us the gear retail.with the priviso that we'll toe the US foreign policy line against China even if that means shooting ourselves in the foot economically.
IMO, the sensible thing to do is to tax those who directly benefit from China Trade., particuluarly Iron Ore, Met & Thermal Coal, Bauxite & Alumina Oxide & Base Metals.
On the other side of the trade equation we should call on the USA to take up the slack caused by the Trump Tariffs which will mean that Australia,
by backing Trump, will suffer a drop in our trade surplus with China of about $20 billion this year as a result of Chinese retaliatory action against Australia.
If we want to back Trump in his anti-China escapades, then as well as importing US military hardware & software, we should import Trump's modus operandi in dealing with China; that is cut a deal with China that will benefit Australia rather than being the passive economic victim of Uncle Sam's quest to stymie China's economic advancement and debunking the CCP.
We have over $1.1 trillion of Comm, State & Muni Debt with at least another $700 billion in the offing due to corvid-19 measures , fire & drought relief and this $300 billion more will push us over 100% of GDP debt to join other global economic basket cases.
Queensland this morning has had the audacity to increase car regos and toll road fees which is a sign that other government charges are likely to rise led by municipal Property Rates .
It is about time that we tax those feeding China rather than allowing our foreign owned resource companies to posket the money overseas and
invest it in Mongolia/Africa & China trade friendly jurisdictions. The Average Aussie is being taken as a Tax soft touch to fuel an American led
Anti-China Econmic War while the millionaire/billionaire beneficiaries of China trade are laughing all the way to their Tax haven banks.
What are we?
Right Wing wealthy US investors who promote "user pays" as the best policy should not object to paying more Aussie tax to protect their Aussie
property, IMO, from their declared enemy, the CCP.
