rudd labor may hit miners

Rudd Labor may Hit Miners with rent/tax

Rudd is now looking at Henry review which is recommending a 40% resource rent
Up from state based royalties based on up to 10% of revenue.
Possible RIO 25% drop in average full-year earnings
Possible BHP 16% drop in average full-year earnings

Link
http://www.theaustralian.com.au/business/big-losses-to-miners-if-national-mining-tax-introduced/story-e6frg8zx-1225824136569

What intelligent people voted for these guys

And
RBA rates going up half a percent!!
Banks rates going up how much??
The same?
More as the banks have previously done?
Some home mortgage rates are already over 9%
Will they go over 10%?

Twenty years ago Labor under Keating had rates in the top end just below 20%
And he won elections while this was happening

Economic conservative?
Financially responsible?
Labor pre-election media propaganda fed to the chooks

Absolute twaddle
Labor government is Big Spend on taxpayers plastic
And Big Big Taxes
Now the chooks are coming home to roost

The Ausie peasants will have tons of wooden plaques to burn this coming winter