Thanks..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..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..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..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..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..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.
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Thanks.. The invisible hand of the market should guide the coal...
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