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Rinehart's Youtube address
Mining magnate Gina Rinehart has used a video address to blame falling investment confidence in Australia on the carbon tax and the looming resources rent tax. Also copping a serve were high wages and the government's 'class warfare' campaign.
The address, presented to the Sydney Mining Club, lasted almost 10 minutes and calls for members to push harder for a more competitive tax and investment regime to win back investment from emerging markets such as West Africa and Brazil.
Gina didnt say that Australians should work for $1 per day. She said Africans ARE working for $1per day. Imagine if her special economic zone in the north had flat taxes for all people living and working there of 10% rather than the current 37 and 45% that they currently are. Better still tax free. In that case the gross wages could Australian wages fall by 15% and both workers and business will be much better off. This would include teachers, police, shop keepers anyone working and living in the zone. Wouldnt everyone be better off and the government would retain its new mining and carbon taxes. She is trying to stimulate debate as it is an election year isnt it ? No one in Australia will benefit if all the new projects are developed in Africa and elsewhere. Gina and her family will never be short of a quid so she may in fact be worrying about the Nation as the Prime Minister often likes to say.Andrew Friday 7 September, 2012 - 11:47 AM
Yes Dellas, I and probably the rest of the country see the discrepancy and hypocrisy with Gina's comments here and last week too. Considering she was born into immense wealth and has probably never physically worked in her life before, this really is a joke. If she had been born poor and built this empire up herself through hard work then it wouldn't be such a joke. Maybe she should just shut up and go back to her 3 hour boozy lunches to which she has probably had plenty by the looks of her.Chick of Perth Friday 7 September, 2012 - 6:50 AM
Excuse me: one fat lady with a wealth of pearls and diamonds around her neck speaking about miners working for a buck a day does not sit well with me.
Does anyone else see the obvious discrepancy?Dellas Thursday 6 September, 2012 - 9:01 PM
Here is a lady who earnt the large portion of her inheritence from royalities when these same overpaid and unproductive miners did the work others didn't want to do -(neither does Gina's kids want to work AT ALL) - in places no one else wanted to work - (neither did Gina or her father live there).
The ore these overpaid - unproductive Australian workers dug up and sent to Japan and China, is the same ore, Gina got her millions of dollars from everyday in royalities. Menawhile she and her kids did the really hard work - finding a way to spend it !!!!!
Gina be brave and blame the hundreds of greedy businesses overcharging on their mining tenders - just as much as you blame the people who will earn in a lifetime - what you earn in a day.!Chris Wednesday 5 September, 2012 - 2:00 PM
Australia is too expensive, but if we don't get a decent wage, and not peanuts as you want us to, how are we to survive. You inherit an empire and then expect us to work for you as they do in third world countries (low wages) while you live in all your wealth brought to you by hard working people. Start by reducing the cost of living and then maybe wages can reflect it. I need the money I make just to survive. Get into the real world.Annette Wednesday 5 September, 2012 - 7:37 AM