Jun 3, 2010

Drilling into Palmer’s myths

Clive Palmer reckons everyone knows the RSPT will never happen, which is why miners are doing so well at the moment. But he forgot to tell everyone else.

Bernard Keane — Politics editor

Bernard Keane

Politics editor

Yesterday’s debate at the National Press Club between Paul Howes and Clive Palmer over the RSPT wasn’t exactly a sell-out. Moreover, there was a curious absence of the many, many mining executives in town for ‘Minerals Week’, whom one would have thought would have been keen to support the most vociferous opponent of the RSPT.

I asked Palmer about the difference between the rhetoric of the miners and their supporters and what the industry is continuing to do on the ground. I noted that Australian-listed miners had outperformed the S&P/ASX 200 over the last month, had substantially outperformed overseas stock markets in the same period, and had seriously outperformed foreign miners.

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126 thoughts on “Drilling into Palmer’s myths

  1. Bill

    We might have a better debate if Clive stayed away – and Kevin stayed out of it as well…

  2. shepherdmarilyn

    Why have a debate, just tax them like we have to pay tax. No-one else gets to “negotiate” their tax rates.

  3. John

    You are more in favour of this tax than Ken Henry, and he is supposedly its father.
    At least wombat-man realises this tax is not his child.
    The mother of this tax is Wayne Swan.
    It is a bastardised version of Henry’s tax.

  4. zut alors

    ‘Henry Thornton’s’ comment that there should be a law against politicians lying has me in stitches. Who would legislate this law – politicians?!

  5. mattholden

    The message the government needs to sell seems simple enough to me: tax the value of minerals, not the volume … how hard to understand is that?

  6. David

    Informative stuff BK, perhaps the likes of the scaremongering JamesK on a previous blog would absorb the figures and reflect.

  7. shepherdmarilyn

    The fact that exports went down and government spending is the only thing that stopped a massive backward economic step should have shut the whiners up, they contribute 6% to the nations GDP.

    Hands up all those people who would be destitute if we lost $6?

  8. JamesK

    Yes Bernard…we know…. ‘big cat miner’ Clive Palmer who you detest.

    Don’t for heaven’s sakes gives us an informed article on your beloved, his woeful superficial politics and capriciousness and don’t under any circumstances gives the punters an insight into the pros and cons of a rent tax and contrast that with krudd’s RSPT.

    [Moderator- this comment has been edited. Please no personal jibes against other commenters and article authors]

  9. JJ Fiasson

    A brilliant piece as usual. Clive Palmer does the mining industry no favours with his hyperbolic rhetoric day after day. I wonder if the industry will start to wise up and put him on a short leash. I’m now laughing at that mental image. Oh god.

    Anyway, the collective effort of The Daily Bludge & OzForums team has gone into building a mining tax facts site at http://www.miningtaxfacts.com.au All statements there are fully referenced with credible media sources. Hopefully this can serve as a good resource to anyone who wants to espouse the merits of the tax to anyone that will listen.

  10. shepherdmarilyn

    Actually Clive has never actually mined anything.

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