The "what-ifs" thread

[Power Raid]

What if Australia taxed its resources like Norway ?

we wouldn't have a mining industry other than low risk commodities like coal, iron ore, oil and gas. The reason for this is the risk reward balance for hard rock mining is completely different to O&G.

Further if we did implement the mining tax, designed by foreign owned mining companies, all our mining assets would be held by foreign owned mining companies. As only local mining companies had to pay the tax, as it was too easy for foreign mining companies to avoid.

Worse if mining tax mark 1 was implemented, Australia would have underwritten losses. Meaning foreign companies could overcharge on operating costs, shift profits off shore leaving synthetic losses which the Australia government would pick up the tab.

In doing so, our tax take would decrease and our superannuation system which is as impressive as Norway's would falter.

The reason why such a poorly designed tax was implemented, was Rudd didn't want to work with the states and the limitations on the federal government of taxing property. Sound familiar? Rudd worked against the states (in the mining tax), worked against telecommunication experts (with the NBN), worked against China (rat fckrs), excluded his own political party etc etc. There seems to be a Gough Whitlam like pattern.

We should tax mining higher but the Australian government should respect the constitution, work with the states and increase royalties. Sadly co-operation was not one of Rudd's strong traits.

 

[Power Raid]

That was quite literally a rehash of every single lie you've ever told about the NBN in one convnient post.

What if you didn't smoke dope?

Perhaps you wouldn't have incorrect recollections about someone's position on a topic. That way you wouldn't need to respond with posts like this.

 

[Chief]

Even if it was fibre to the premise, what speeds could we expect?

5g delivering 250 to my office and nbn 29 to my home.

The nbn doesn’t exist in West Perth yet, thank F. Otherwise I wouldn’t have 5g offered at a cheaper price than NBN. Meanwhile my home is on HFC which delivered 17 at half the price.

Lol I get 100 on HFC at about the same price as my old ADSL2+ which peaked at about 11.

 

[Cuzz09]

What if Maynard was given that free?... what if we kicked 5 straight goals in the last qtr instead of behinds and made the most of our dominance that qtr the Maynard thing wouldnt matter as we'd be leading by 30+

On SM-G925I using BigFooty.com mobile app

 

[Hawk Dork]

we wouldn't have a mining industry other than low risk commodities like coal, iron ore, oil and gas. The reason for this is the risk reward balance for hard rock mining is completely different to O&G.

Just on those alone we would a very very very wealthy country with a massive sovereign wealth fund

 

[Procrastinator35]

Just on those alone we would a very very very wealthy country with a massive sovereign wealth fund

What if our govts didn't bend over for the Multi-Nats in allowing them carte - blanche to rape & pillage our country of all it's resources....and pay zero taxes into the bargain, while making off like bandits....Leaving it's citizens no better off, while those politicians responsible, line their pockets for a comfy future nest-egg for themselves.

 

[craigos]

Y'all a bunch of proper dumb campaigners if you think that politicians haven't always been self serving.

 

[Procrastinator35]

Y'all a bunch of proper dumb campaigners if you think that politicians haven't always been self serving.

They're supposed to serve the people....Hence the term representatives....There's no other justification or legitimisation for their existence & position otherwise.

How did corporations usurp & become 'The People' pray tell?

 

[Power Raid]

Just on those alone we would a very very very wealthy country with a massive sovereign wealth fund

we already have a very very very wealthy country and without looking miles ahead of Norway in terms of wealth per person.

Implementing policies to reduce our wealth to be poorer like Norway should not be an ambition to strive for.

we have a very different economy, society and commodity suite. For oil and gas, with have a tax system more reflective of Norways policy but trying to implement that on different commodities (other than coal and iron) reflects a lack of understanding.

 

[Hawk Dork]

we already have a very very very wealthy country and without looking miles ahead of Norway in terms of wealth per person.

Implementing policies to reduce our wealth to be poorer like Norway should not be an ambition to strive for.

we have a very different economy, society and commodity suite. For oil and gas, with have a tax system more reflective of Norways policy but trying to implement that on different commodities (other than coal and iron) reflects a lack of understanding.

So your happy to see our profits and their taxes go to Singapore instead ?

 

[craigos]

They're supposed to serve the people....Hence the term representatives....There's no other justification or legitimisation for their existence & position otherwise.

How did corporations usurp & become 'The People' pray tell?

You need to tighten up son, you're living in some kind of commune where they shave your back hair and sell it off as herbal tea.

 

[Scotland]

What if this whole thread wasn't about Rupert Murdoch?

 

[Procrastinator35]

You need to tighten up son, you're living in some kind of commune where they shave your back hair and sell it off as herbal tea.

It's your kind of ingrained cynicism & apathy that allows these greedy hypocrites to keep getting away with their corruption; Instead of being held accountable for their betrayal of their countrymen & being traitors to the fundamental values of a Democracy.

Yours is a position of resigned defeatism, masquerading as laid-back, you-beaut, she'll-be-right-mate wisdom.

 

[Hawk Dork]

What if this whole thread wasn't about Rupert Murdoch?

He is our unelected ruler

 

[Mofra]

What if the Mongolian Khans we're required to be buried and appointed in Mongolia?

When Genghis Khan died, the expansion of the Mongolian empire ceased as his generals retreated back to Mongolia for the burial ceremonies and the appointment of a successor. Without this tradition, the Mongol forces would have held their newly conquered territories and global history would have taken a very different path.

 

[craigos]

It's your kind of ingrained cynicism & apathy that allows these greedy hypocrites to keep getting away with their corruption; Instead of being held accountable for their betrayal of their countrymen & being traitors to the fundamental values of a Democracy.

Yours is a position of resigned defeatism, masquerading as laid-back, you-beaut, she'll-be-right-mate wisdom.

I'm rich mate, I don't care. You lot can sort it out.

 

[Procrastinator35]

I'm rich mate, I don't care. You lot can sort it out.

You sound just like a Federal Liberal MP.

 

[Power Raid]

So your happy to see our profits and their taxes go to Singapore instead ?

Nice leap but perhaps you didn't understand the mining taxes if that is your concern

 

[Hawk Dork]

Nice leap but perhaps you didn't understand the mining taxes if that is your concern

Or maybe you dont care about the Singapore sling or the tax theft that occurs with our mining profits

or
Maybe you have gone off on an anti Rudd Mining Tax rant/tangent when I suggested what would Australia be like if we taxed our mining companies profits like Norway does

 

[Procrastinator35]

Or maybe you dont care about the Singapore sling or the tax theft that occurs with our mining profits

or
Maybe you have gone off on an anti Rudd Mining Tax rant/tangent when I suggested what would Australia be like if we taxed our mining companies profits like Norway does

Because apparently our resources belong exclusively to our MP's & their corporate buddies....That's what we elect them for......To steal our country's wealth & push the entire tax burden onto the working man.

Murdoche's current 3 stooges at the helm, are pushing this truism to it's limits.

 

[M Malice]

What if Bernie Sanders wins in November?

 

[the_interloper]

What if Cliff Burton and Kirk Hammett hadn’t swapped bunks?

 

[Procrastinator35]

What if Radar O'Reilly shagged Hot-Lips Houlihan?

 

[PoppedCorn]

What if Cliff Burton and Kirk Hammett hadn’t swapped bunks?

 

[Power Raid]

Or maybe you dont care about the Singapore sling or the tax theft that occurs with our mining profits

or
Maybe you have gone off on an anti Rudd Mining Tax rant/tangent when I suggested what would Australia be like if we taxed our mining companies profits like Norway does

as we have seen already div 4A has been applied recovering the Singapore profit shifting. It should be noted the mining tax would have amplified this and div 4A would not have been effective in recovering the profit shifting. However a royalty scheme is not subject to the same manipulation, yet again strengthening the case this was the right mechanism.

In regards to the latter, I have addressed this and noted Australia is far wealthier than Norway. So why would we adopt a less successful model? I think it is difficult for some to appreciate how much better we are for having superannuation over sovereign wealth funds.