We have resources. Would we lose some international investment? Maybe. But time and time again modest tax reform doesn’t lead to capital flight in the way capitalists claim.
And even if we don’t want to rip up contracts (though we should when they’re clearly unfair), there’s no excuse for not progressively instituting new tax and royalties settings as they expire.
And yet, the Labor government won’t, because they’re corrupt and bought by the gas industry (not in a legal sense, but in reality).
We have resources. Would we lose some international investment? Maybe. But time and time again modest tax reform doesn’t lead to capital flight in the way capitalists claim.
And even if we don’t want to rip up contracts (though we should when they’re clearly unfair), there’s no excuse for not progressively instituting new tax and royalties settings as they expire.
And yet, the Labor government won’t, because they’re corrupt and bought by the gas industry (not in a legal sense, but in reality).