May 18, 2013

Who's a good little ATM?

Gina Rinehart continues her crusade to bludgeon the have-nots into being grateful to eat crumbs, and to generally take over the running of Australia via owning the soil, the media and hearts and minds of the ridiculously rich.  So far, she's succeeding.

Gina's most recent pronouncement was to suggest to Australian government leaders that shouldn't be treating the mining industry like an ATM.  Damned right.  And what a fine analogy.  (Gina, bless her, has far superior speech writers than those employed by our politicians.)

Let's test her claim:

All companies:  taxes paid into the coffers of federal government each year - $74B

Mining companies:  taxes paid into the coffers of federal government each year - Gina's estimate $20B

You and me:  individual taxes paid into the coffers of federal government each year - $175.4B

The above excludes your GST, your Medicare levy, your superannuation tax payments, your petrol taxes and your additional payments for carbon pricing, as applicable.

Who's the best little ATM on the block then?

Not Gina.  Not the mining industry.  Not industry at all. 

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