Show threadMojo ♻️3d ago

Politicians still flinch at the ghost of 2010: Kevin Rudd's bold Resource Super Profits Tax on mining super-profits triggered a $22M+ mining ad blitz, tanked polls, and helped force his ousting by Gillard. She watered it down fast — the lesson? Don't poke the resources bear without allies.
This time it's narrower (just gas + thermal coal windfalls, not all mining), Treasury-modelling quietly pre-budget, and public anger at $2+ petrol + war-driven prices gives cover. No ad war yet, and Greens/unions are pushing hard.
But the gas lobby's already grumbling. If Albo goes too hard without buy-in, history could rhyme. Fingers crossed they learn from Rudd's fall and thread the needle: tax the windfalls properly, fund Aussies, don't get knifed.

#WindfallTax #AusPol #CostOfLivingCrisis #miningtax #gastax

Show threadskuaFeb 18

@theguardian_world_news
2/2
At 800 hectares a year, 20 years comes to 16,000 hectares of never to be returned jarah forest gone.
That's a square from Trigg Island east to Dianella, from there south to Coode St South Perth, then west to Cottesloe Beach and back up to Trigg Island.

That's a huge loss.
#AusPol #MiningTax

Mojo ♻️Feb 5

The hypocrisy is breathtaking. Peter Costello, now a "respected commentator," laments that Australia hasn't balanced a budget for 15 years.
But who laid the foundation for that structural deficit? Costello and John Howard. They squandered a once-in-a-generation mining boom and the proceeds from selling our public assets.
Instead of a sovereign wealth fund like Norway's to secure our future, they gave it away in permanent tax cuts and middle-class welfare. They sold gold at the bottom of the market. They left us vulnerable to the next crisis.
Now he lectures us on fiscal responsibility? The architect is blaming the builders.

#AusPol #PeterCostello #HowardGovernment #MiningTax #NorwayGotItRight #AustralianEconomy #Hypocrite

https://www.youtube.com/watch?v=lSB3mhkz2eo

Australia's Economic Disaster | Peter Costello

YouTube
Show threadskuaOct 13

@3TomatoesShort

Oh. Let's not have progressive taxation?
No #MiningTax, no #CarbonTax, no #MillionaireSuperTax?

Let's bleed the PAYG punters dry instead and keep using unlawful and not-fit-for-purpose ways of kicking leaners on benefit payments?

Labor - neoliberals behind the mask.
#AusPol

Peter RileyOct 29, 2023

What’s outrageous ? #stolenwages

#MineralsCouncil campaign against the bill expects to spend $20m-$24m in 2023-24. That would make its campaign against the closing loopholes bill on par with the amount it spent advertising for the Rudd government to ditch the #miningtax.

https://www.theguardian.com/australia-news/2023/oct/26/victoria-government-federal-labors-wage-theft-bill-to-cover-reckless-underpayments-superannuation-state-offence

#wagetheft #Rio Tinto, #Glencore and #BHP

Victorian government wants Labor’s wage theft bill to cover ‘reckless’ underpayments

Allan government says federal laws are ‘likely to render’ Victoria’s laws redundant, as Minerals Council announces multimillion-dollar campaign against bill

The Guardian
Mojo ♻️Oct 25, 2023

A global minimum tax on #billionaires equal to 2% of their wealth could raise close to $250 billion. The measure would affect fewer than 3,000 individuals. #taxtherich #taxtherichnow #MiningTax #sovereignWealthFund #greed

https://www.euronews.com/2023/10/24/billionaire-tax-needed-to-tackle-inequalities-says-eu-research-group

Billionaire tax needed to tackle inequalities, says EU research group

A global minimum tax on billionaires equal to 2% of their wealth could raise close to $250 billion (around €235.6 billion), the EU Tax Observatory estimated in a report released on Monday.

euronews
Mojo ♻️Jul 23, 2023

#Mining #oligarch #GinaRinehart gears up for legal fight to protect vast #ironore royalties *Better idea, what about sovereign wealth fund ! #greed #miningtax

https://www.abc.net.au/news/2023-07-23/gina-rinehart-court-case-hope-downs/102556238

Mining magnate Gina Rinehart gears up for legal fight to protect vast iron ore royalties

Australia's richest woman Gina Rinehart is at the centre of a legal showdown between the descendants of WA's iron ore pioneers, Lang Hancock and Peter Wright, with billions of dollars potentially at stake.

ABC News
Dick Smiths Fair Go SupportersJan 29, 2023

We were reminded of when we read about something that happened in #Australia, the #KevinRuddCoup. Wikipedia completely mis-characterised the defining moment in our #history.

Our understanding is Wikipedia do this a lot. Its clearly a 'political tool'.

We could say, believing it is "apolitical" makes one a 'political fool'.

(Yes it rhymes and is the worse attempt at humor today.)

#geopolitics #politics #miningTax #corporateMedia #rupertMurdoch #informationWarfare #politicalTool #politicalFool

StavrosJan 17, 2023
Just watched #ABC #UnderCover & these are last few words on the show:
"The great Australian dream might be over. Maybe it's time to build a new dream."
Yes it is & it wouldn't be that hard if we had a mining/resource tax like Norway. Imagine the $billions we could use to build social housing.
#auspol #housing #homeless #MiningTax
Mojo ♻️Jan 17, 2023
Straya' mate..... simple folks, no tax for billionaires nor multinational, 'cause we care. #MiningTax #taxtherichnow