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> But we didn't do this because we're idiots. Because the highly profitable mining industry campaigned against it AND we're idiots. Theory: Immigration is a m
by hyperpallium 10y ago
> But we didn't do this because we're idiots.
Because the highly profitable mining industry campaigned against it AND we're idiots.
Theory: Immigration is a main "export". It's a very nice place to live: democracy, rule of law, media and the geographical reasons etc. Immigration helps supports demand for housing and the bubble.
We're basically a hole in the ground - but a very nice one.
- honestlyreally 10y agoAlso should be mentioned it was an incredibly sensible taxation policy to cope with the boom bust cycles of mining, we have a progressive income tax system, a progressive corporate tax policy isn't far fetched Sadly it only came into effect after the boom and raised very little money before the mining industry ad campaign shut it down.