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by somedangedname
1718 days ago
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Is doing well be a bar against doing better? The wealthy have no hangups about taking profit so why should the rest of us? Mining activity is 10% of Australia's GDP. Mineral land rights in Australia are property of the government so why do overseas and private-domestic operators get to make all the profit? When Norway's example shows us that a publicly funded and owned industry was possible! Too late now though - the last attempt to extract more value out of a booming industry led to the downfall of the government: https://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax. |
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