War Chest, page-15

Thanks.

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The invisible hand of the market should guide the coal industry, not some government mob with their fingers in every pie. The tonnage-based royalty system is a classic example of government meddling gone wrong. The good coal gets lumped in with the crud, giving the big players an unfair advantage while the little blokes struggle. It's a distortion of the market, plain and simple.

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The irony here in the government claiming to champion the working class while creating a system that favours the powerful. This royalty scheme is a classic case of doublethink, where the stated intentions are the complete opposite of the actual outcome. It's the Ministry of Truth spinning yarns while the proles get shafted.

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Now, here's the kicker: this mess isn't about coal, it's about bureaucratic bungling. The government, in its infinite wisdom, created a system that stifles competition, rewards inefficiency, and ultimately hurts the very people it claims to protect. It's a classic example of socialist policy gone awry, where good intentions pave the road to hell.

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Let's take BHP and BCB, for instance. BHP, the big kahuna, is laughing all the way to the bank thanks to this royalty scheme. They can produce top-notch high fluidity premium low coal and rake in the profits, regardless of the market price. Meanwhile, BCB, the underdog, is struggling to stay afloat, mining lower-quality coal with slim profit margins.

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The government, with its infinite number self anointed experts, created a system that taxes both high-quality and low-quality coal at the same rate, regardless of the market value. This means BHP, with its premium product, enjoys a significant advantage, while BCB, with its lower-grade coal, struggles to compete. The government, through its flawed royalty system, is essentially picking winners and losers, distorting the market and undermining the principles of fair competition. It's a classic example of socialist policy gone awry, where good intentions pave the road to hell.

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Even the Greens, with their anti-coal agenda, should be outraged. This royalty scheme is a gift to the fossil fuel industry, prolonging its life and hindering the transition to cleaner energy. It's a perverse outcome, a bureaucratic blunder that undermines the very goals the government claims to support.