Greens tell harsh truth on mining tax

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While there are many reasons for the Gillard government’s unpopularity, the sense of illegitimacy that has dogged it since the beginning can only be put down to one factor and today the Greens nail it:

Australian Greens leader Christine Milne will urge the federal government to “fix” the mining tax to raise money for the public purse at a senate inquiry in Melbourne.

…”Witness after witness makes it perfectly clear the government did a deal with the mining companies which essentially gave the government a political win and the mining companies a massive profit win,” she said.

Labor is reaping what it has sowed.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.