A Personal View


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Resource Tax

We must stop giving away, or selling at very low prices, our natural (minerals, fossil fuels and other) resources (our common wealth) to any company but especially oversea companies. For fossil fuels it is bad enough that Australia still manufactures and exports these products. Sale from existing mines can be justified in this transition period because the World cannot get of fossil fuels overnight. However they need to have a definite program for phasing out (preferably well before 2040 and definitely no new fossil fuel extraction). In the interim transition period Australia should at least be getting good royalties and taxes. It could use the money to fund its transition away from fossil fuels and assist neighbouring countries to do the same.

A perfect example of the poisonous nature of the word "tax" was when we had the mining billionaires of Australia (and overseas) arguing successfully - through an expensive and well funded media campaign - that they shouldn't have to pay a higher amount (though still probably actually less than a reasonable amount) for their exploitation of Australia's - our - mineral wealth. I was truly amazed at the gullibility of the Australian people to fall for this self interested campaign - all because of three little letters.

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