I would have gasped too

Another story to shake your head at. The Labor Government is increasing the taxes on the Australian mining industry. And this is the reason why:

Addressing complaints from David Flanagan, head of Atlas Iron, about the effect on investment of having a super profits tax cut in at 6 per cent, Rudd said it was companies such as Atlas that were pushing up the dollar and making it hard for foreign students to live in Australia.

There was a collective gasp, with executives asking Rudd if he “wanted to wipe out the iron ore industry to help foreign students”.

Rudd is so keen to sell passports to overseas students that he's willing to sacrifice the profitability of the most healthy real industry we still have.

What can you say to this, except that Rudd once again has shown that he belongs to a liberal elite with no connection to his own tradition.

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