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Article #275

Re: Libs to block the super tax, market slide halted after news breaks about this

#275
From: Petzl
Date: Wed, 05 May 2010 13:45
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On Wed, 05 May 2010 13:19:21 GMT, "HD" <herpem@bigpond.com> wrote:

>>>>>So how much have they got invested to lose $100.000?
>>>>>Sounds like your typical struggling young Australian Family.
>>>>
>>>> Yep losing their home and job
>>>
>>>If they have lost $100.000 plus because the shares have come down, >>>they musthave invested millons.
>>>
>> Aside from this "Superprofit tax" (which no one knows what determines
>> what this is?) which starts knocking over other dominoes, like
>> superannuation investment, Jobs mines are now closing, there has also
>> been a fast interest rate hike and still climbing.
>
>Interest rates have nothing to do with it.

Not what http://goo.gl/6sBw say

>Mines will not close exept maybe one or two who will be taken over by 
>others. Mines shares are already going up again.
>The simple fact is that mining companies scream blue murder and make all 
>kinds of threads. It is still a profitable business and will continue. Of 
>course, Mining companies have promised Abbott a lot of money for the 
>election campaign. He is in the pockets of the super rich.
>
The collapse of their share price means investors don't agree

>> This "Superprofit tax" just sets up the sale of Australian mines to
>> China by our Peking Commo Prime Minister (or you think I'm wrong)
>Of course you are wrong. Rudd is so far on the right he is not even a 
>socialist.
>As for the sale of Australian mines, why would the Chinese want to buy them 
>if they are so bad that they don't make a profit? Can't you see the 
>inconsistencies of all the silly talk?
>
Not what the media report 
http://goo.gl/LkU5
(if a company is owned outside of Australia no tax is paid here)
Although prices have gone up so have costs to grow.
This now *proposed* tax is already coming unstuck and don't look like
geting through and will be another back flip 
http://goo.gl/Rwep
Petzl
--
"Until now the Whitlam government has 
been the gold standard for incompetence in Australia. We finally have a 
prime minister that has managed to out-Gough Gough."
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From: Petzl <petzlx@gmail.com>
Newsgroups: wa.general,aus.general,aus.politics
Subject: Re: Libs to block the super tax, market slide halted after news breaks about this
Date: Wed, 05 May 2010 23:45:55 +1000
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