3 ms·
> It was called the MSPT or Mining Super Profits Tax. Fair enough > It's the ultimate definition of unfair. When you are using a non-renewable resource then
by dejb 16y ago
> It was called the MSPT or Mining Super Profits Tax.
Fair enough
> It's the ultimate definition of unfair.
When you are using a non-renewable resource then what is 'fair' has to be balanced with the changing value of that resource.
> You don't improve the economy by knobbling your best performer.
You need to measure their performance with regards to the inherent value of the asset. If we started selling huge tracts of our land to another country then you could also say that 'land selling' was the best performing part of our economy but that would not be accounting for the capital loss involved.