It’s either a seismic shift in power here, or a farce of Grand Proportions. Either way, if you haven’t heard about the Australian Super-Tax, it’s one of those full-moon-moments in Western Democracy when “one plus one equals minus thirteen”, and the guy earnestly telling you this is also running the country. The sheer Spectacle of Stupid is something to behold.
Guess what the rules will be next year?
For the first time, our government has announced a war against a whole Australian industry: mining (the same sector that rescued us from the global financial crisis and produced 37% of our total exports in 2009).
Australian Prime Minister Rudd desperately needs a big win to go to the next election with, and desperate men are dangerous. He was taken in hook, line and stinker by the Big Carbon Scare — bet his reputation on the big bluff, and crashed and burned. He doesn’t want to look like a complete loser (and who does) so he grabbed the easy wedge; attack the rich foreigners, grab the fast cash, pretend to be Robin Hood. Et Voila! The Resource Super Profits Tax*.
This is not so much about climate (sorry) but it is […]
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