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Thursday, May 27, 2010

Australia's new world tax!

I feel morally responsible to respond to the newly announced "super tax" on miner by Australian govt (total tax to raise to 64%, accoding to some reports). This tax will defenitly put upward pressure on commodities arond the globe. So, this is going to be a "world tax" on commodities for just the benefit of 21 million ...Australians. I cann't justify such a tax grab just for the luxury of few millions ($100,000 will be added to super annuation of all Aussies by just sitting on their couches as result of this tax) at the cost of billions in developing world including China & India. These kinds of tax grabs are the seeds of great conflict in the future which will put world peace at peril. RUDD & AUS will be responsible for that, sadly.