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[reggie]

What do you guys think?

Article here http://news.ninemsn.com.au/national/1067151/kevin-rudd-swan-cop-abuse-in-perth

[SolidSmiddi]

Looks like a chop to me.

[Chalice]

I agree..such a chop..the yellow hands in the middle are for "messages on hold".  This business creates on hold messages for companies...seems suss

[Number One]

we should see what else we can chop in there....hehehe

[bageled]

The demographic seems all wrong for miners. I doubt miners could organise a rally anyway, they'd just send their union rep in for them, oh wait, they're already doing that, they are crying poor through a tv commercial campaign....?!?

[Z00111111]

We should be cutting mining tax. Those hard working executives didn't get to rape Australia to become some of the richest people in Australia.

Oh.. Right.. Liberals lost power.

I'm all for heavier taxing of people who are literally making their money from Australia. This way the land itself can support Australia, rather than making the richest woman in Australia richer, fatter and uglier...

[Dex]

Do you ever think that the reason you are all for it, and Western Australians aren't, is because all the big mines are in WA, and without us bringing that money into the economy your states would all be poor fucks.

The constitution says that minerals belong to the state that they are mined in. Zoo, if you are all Pro australia and what it stands for, then you should be against Keven Rudd trying to take more of WA's wealth.

The mining companies agree that they should probably pay more tax, but not to the extent that Krudd is making them. At the moment, its like 35% tax, and with the new super profit tax it will push it up to 53% or something. Its called "super profit" because apparently they make mega profits (Krudd defines super profit as 6%) but you look at retail shops...Kathmandu for instance, where my sister works, can afford to regularly have 60% off sales, and gives 60-80% off for staff members. If you ask me, that is one mega fucking super profit.

So before you all start claiming that you are being ripped off by the mining companies, do a bit of research, and you'll realise you have no claim to it anyway.

[bageled]

Suck it up WA, NSW has been subsidising the rest of the nation with it's GST since day one, time to give some back.

[Number One]

being in Qld this is a hard one for me, as on one hand there are heaps of mines here too, but then i see all this money going to these executives and not "seeing" it really being put back into the gov't coffers. and in some way i have to agree with both dex and bageled, i fully see how WA should benefit from it's resources, but then most of the people in the mines and it's subsequent support industries come from the eastern states. so in that way i think it only fair all the other states share the wealth as well. mind you i fully think this kind of tax should replace similar taxes for almost every industry we have, across the board and including the banks, we just need to have some regulation that protects our native industry from being undercut from outside, and make sure price gauging doesn't take off

[Dex]

If the cost of production goes up (thanks to an increase in tax) then the cost for consumers will go up, and places like China who are our biggest investors will go somewhere else for cheaper goods. Then there will be no money for NSW who is undoubtedly the most important state in australia.

[Number One]

you do realize there are not that many competitors to Australia when it comes to bulk ore and coal right?, maybe this will help slow the mining sector and the economy a little and give some of us a break for on our inflation and home loans.

[inwalda]

being a year 11 economics student and a 16 year old who doesn't pay taxes, I am clearly an expert on the subject. What Kevin Rudd is doing may seem bad but your forgeting the big picture. Would you rather be sent down a coal mine in WA just because you are unemployed and not a student? If you would, vote for Tony Abbot

[bageled]

Considering that BHP made 18 billion dollars in profit last year, (which was down 30% from 2008), I think they've got a little room to move before they start pushing up their prices. As I understand it, the biggest factor in our international pricing isn't the local taxes, but the exchange rate, the stronger the australian dollar the lower the profit.
I just hope this isn't another of Rudds bright ideas. I'd say this scrabble for extra money is a result of his recent expensive mistakes. I'm still amazed that his approach to tackle climate change. He could have poured millions into any number of renewable energies, or improved public transport infrastructure so we don't need cars, no...not our Kevin....he subsidises ceilng insulation....a band aid that turned out to be dirty, caused an infection and took a chunk of skin when it was ripped off....what a fucking idiot.
This whole mining thing reeks of desperation to me. The labor party was founded by workers unions, and now a labor government is targeting one of the last union strongholds. I wonder what he is going to do next, issue us all with umbrellas to combat skin cancer?

[reggie]

This is NOT why i started the thread... Take your politics elsewhere.

[Dex]

As far as reggies original post goes, there was a massive protest in the city somewhere. No idea if  they had signs and shit.

Bageled, profit is relative to the business... Sure BPH made a fuckload of profits, but they also spend a lot. On the other hand, there is Dampier Salt, who my dad works for. They don't make huge profits, but i'm sure its around 6% or more. (Krudd assumes superprofit is above 6%)

Then there is retail shops, who must make over 6% profit. As i said, Kathmandu can afford to give staff members up to 80% discount and still sell their products above cost. Anglo also mentioned banks... They must also make above 6% profit... Where are the taxes on those? I bet if they increased taxes on banks, and retail shops, there would be more angry people.

As far as your opinion on Rudd goes, I agree, he spends far too much and it will be up to the liberals to bring the money in again.

On a side note, I was talking to a friend of my parents last night who has spent the last 20 years in america, and she says Obama is much the same. He sent stimulus packages to people who dont even pay taxes, and those that do pay taxes had to pay their package back in taxes.