The federalist argument against the mining tax
[Cross posted at my personal website -- johnhumphreys.com.au]
There are lots of good reasons to be opposed to the proposed new mining tax — because it increases the size of government, because it punishes explorers and innovative businessmen for the “crime” of success, because it will hurt the industry with flow on consequences to jobs and investment funds, and because it increases the political risk of investing in Australia.
But one of my major concerns with this proposed new tax is that it further undermines and damages our federal system of government.
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