MINING TAXES AND RUDD AND OTHER STUFF
OK. So Kevin got sacked because the MRRT was going to take $Billions
from CRA & BHP. Julia was promoted and signed a much weakened
deal (MRRT) designed by CRA/BHP. Julia has announced an election
for mid September, the MRRT (tax on mining) has only brought in
$120 Mill instead of the $4 Billion predicted. Senator Evans and Roxon
(Rudd enemies) have resigned, Rudd is highly visible and stating
absolutely no intent to challenge (for ALP Leadership). Also the
heads of the two mining companies (Conzinc and BHP) who helped Julia
design the MRRT have resigned after their respectiver companies made
What narrative connects all of those?
Lets start with the ALP is pwnd by the unions. The unions want
the mining companies to be rich and powerful, so they can afford to pay
(whether they like it or not!) generous wages under the "Fair Work"
Act. So the Unions sacked Kevin, who planned to use Henry's tax,
and told Julia to accept whatever the miners offered. The miners
proposed a good tax, with unbelievably huge write downs available on
Shock Horror, we have just learned that the miners "wrote down" all
their accumulated investment, turning a tidy profit into a loss, and
thereby depriving us (Australian people) of a couple of $billion
tax. This made Julia look pretty stupid, so the mining moguls had
to go for making those huge "losses". Fact is, those write down
made them a mint of saved taxes.
Now Julia is so much on the nose, and Kevin is the best bet for
winning. But Evans and Roxon are on record as saying they would
never serve under Rudd. So the plan is, they quit, then sack
Julia and appoint Rudd as soon as expediency dictates.
These guys make Obeid look like a piker.