PS: We simply have to change our mindset about industrialisation...

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    PS: We simply have to change our mindset about industrialisation which historically focused on jobs; particuluarly well paid jobs.
    Our objective should be, as a country, to earn as much national income from exports as we can and then share that wealth equitably with
    all Aussies. just imagine if we had no personal income tax? That would certainly make the average Aussies salary go further without any
    pay increase or a Soverign Pension Fund that exempted employers from employee Super payments!

    Our models here should be Saudi Arabia (no personal income tax) & Norway (Soverign Fund benefitting all Norweigans)

    In a globalised economy we simply cant manufacture low valued widgets with high cost labour imports and a plethora of red tape .

    We simply have to play with our strengths; not our weaknesses which are:
    -Best global quality iron ore with cheapest extraction costs
    -Best global quality met coals with the cheapest extraction costs
    -abundance of gold, silver & gems
 
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