In defense of his controversial (and very heavy) Miners Tax, Wayne Swan says that since the miners are booming, it makes sense that they pay more for “our minerals” so that we can reduce the tax on businesses. And yet, the Liberals want to increase the company tax by 1.5% which will not help businesses (this was discussed in the context of manufacture and export), to help pay for the Liberals’ extremely generous paid parental leave tax.
Hockey says that the small mining companies do not want the new mining tax, and that’s one reason why the Liberals are fighting it even after the big three miners have agreed that they can live with it. In regards to the company tax, Hockey I think (my memory is a little unsure) swung around and threw his weight onto the front foot, declaring that it was necessary to fix the massive government debt; and Labor’s doing a lot more campaign promise spending than the Liberals. He quoted a figure saying that Labor has promised $2 billion more spending than the Liberals have.
Swan retaliated by saying that the vast majority of the Liberals’ spending pledges haven’t been sent to Treasury for costing; the Liberals are trying to hide them under the blanket. Hockey promises that all the policies will be accosted before the election, and before Finance’s deadline, despite some hard questioning by Wayne Swan.
Hockey made an analogy which I thought brilliant in regards to the political philosophies behind the mining tax- it should be repeated, and repeated often, by the Liberals. The analogy involved runners. Labor’s method to speed up all the runners is to slow down the fastest runner. The Liberals method is to enable every runner to become as fast and as good as the fastest runner.
It’s a brilliant analogy to sum up, from a conservative perspective, the Liberals’ philosophy, not only on the mining tax, but on many other issues too.
According to the Bible, you get the rewards of your labour. In fact, wise Solomon constantly harps on the fact.
“Lazy hands make a man poor, but diligent hands bring wealth.” (Proverbs 10:4 NIV). “Diligent hands will rule, but laziness ends in slave labour.” (Proverbs 12:24
“All hard work brings a profit, but mere talk leads only to poverty.” Proverbs 14:23
The mining tax takes away some of the profit of hard work from the miners, and I don’t believe that’s right. We should all strive to be as profitable as possible ourselves instead; and the place of government is to enable that.