Moondoong, yet again your unsubstantiated opinion is noted. Many...

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    Moondoong, yet again your unsubstantiated opinion is noted.

    Many investors in mining companies [myself included] are rapidly tiring of propping up mining companies that either send profits offshore, never pay dividends, over-remunerate 'executives' or horde wealth for a rainy day. As for what they leave behind after their activities become uneconomic; what an ugly story that is, from Wittenoom to Queenstown in Tasmania!

    Given the taxpayer funded incentives already provided to the mining sector that have grossly distorted our economy and still only directly employs about 1.5% of the workforce, why should they get more at the expense of the economy of the future?

    When research exposes that the real corporate tax rate for mining companies is ~10% [ie. nothing like the supposedly mandated ~30%] while individual PAYE taxpayers fork out up to 47%, nothing else needs to be said!

    Australia's future is far more dependent on our education, science, research, financial services, ICT services and biomedical sectors. For example only, Aconex is an example of a stellar Australian company and what we can do in future:
    http://www.aconex.com/
 
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