reasons why australia needs a super-tax, page-101

Is it really that bad?
To answer that question you just have to ask yourself how much money has been wiped off the market since Rudd announced the new mining tax. This is near enough to nationalization so the miners will likely be asking for compensation. Many of these miners paid a handsome sum for their properties from Australian residents, state government, and national governments already-I doubt that would of been the case should they have known this tax was on the horizon.

Theres nothing stopping the Chinese selling up and taking their magic carpets elsewhere to the likes of Canada, Africa, South Africa. Kevin Rudd is now a liability and a risk worth avoiding.