Comments on Paul Cleary “Miners a special tax case”, 1/05/2010, http://www.theaustralian.com.au/news/opinion/miners-a-special-tax-case/story-e6frg6zo-1225860481471
While it appears the argument to grab more tax revenue from mining when it is very profitable seems very attractive especially when branding mining companies as multinational companies, its soundness is really questionable.
One can argue this at profitable times, what about when mining companies are not profitable or less profitable than other industries? Will the government be compensating their below profitability at those times?
One can be very passionate and emotional when looking at other's profits or high income. Everyone wants to have a share or a grab. Envy can inevitable become part of the equation.
That is how communist revolution came to reality in some countries. That still dominates some people’s thinking.