Gina Reinhart on Track, Australia richest woman and on track to be richest woman in the world in the next 10 years....

3 cheers

I thought we could all gather round and support feminism and her achievements.

And environmental rape......

Is that sour grapes I detect in that hambuglar?

I think you might be confusing money in the bank with dirt in the ground.
She will be the worlds richest woman if and when she digs up all that dirt and refines it down to saleable iron ore. And then she will have to pay tax on whatever she gets for it.
At the moment, you don't have to pay tax on dirt in the ground, and that sounds fair to me.
It would be like paying tax on your cattle as soon as you see the bull humping the heifers. They might all drop calves but there's a lot that can go wrong between the humping and the dumping.

Just going to sit back and see how she wriggles out of the trust shemozzle saga - reckon thats got a sting in the tail and in the purse

I agree with Tmurray we got absolutely ripped off with the mining tax saga.

I have also heard Gina Twiggy and co complain about the skills shortage and the fact that they cant find enough local labour to move their projects quickly. Their answer is to import labour from overseas.

I just dont believe this is to our collective advantage, the pollies and the minerals council are buying it !

Bull shizzle we are getting ripped off again!

pweedas said...


I think you might be confusing money in the bank with dirt in the ground.
She will be the worlds richest woman if and when she digs up all that dirt and refines it down to saleable iron ore.

Wrong!

The 'dirt' is no longer processed locally. It's dug out, put on a train, put on a boat and shipped directly to China where it's cheaper to refine.

It's easier to dodge the carbon tax when the ore is refined offshore

Out of interest Lang Hancock had another daughter - she's half aboriginal and thinks he was a good bloke because sometimes he gave her shoes.

www.couriermail.com.au/nocookies?a=A.flavipes

How many billion?

its sick.

She could be a real trooper in WA. Funding all sorts of community projects, wasn't there an autistic rehab place closed down recently because they were 100,00 short.

Or the high school in East Freo that the headmaster has reported in great need of repair and even sent a letter to parents making apology.

I hate ****ing moles who bathe in cash made from the resources of this state that we all own and do **** all with it. ****s.

Bring on the mining tax these ****s can well afford to pay more for the benefit of our future generations

DrJ said...

All that cash and she still hasn't bought a mirror !

She is starving (on junk food)! Haven't got enough on healthy food and gym.

At least JP board and some wind could do the magic the billions could not ?

bring on the mining tax these C***S are farking central QLD
SO what does the government do give them the green light for another 3 coal ports and give jobs to OS workers they are FARKING our beaches and its only a mater of time before they FARK our reef[}:)]
this change in QLD state gov will do nothing
and the Greens are gutless

tmurray said...

And the great unwashed masses believed her when she stood on the back of a ute in her pearls and wailed that a mining tax would ruin us all.

Mining Tax could ruin us all;
1) Most of us underestimate the amount of money getting thrown around in the mining arena... plenty of blokes (and girls) are getting respectfully paid to help set up and operate various mines dotted around this vast land.
2) It is also underestimated how much money those blokes all bring back home, and send back home (via joint bank accounts), for spending at the local pizza shop, supermarket, corner store, newsagent, lotto retailer, bookie, coffee shop, etc... then they all re-spend that money at the next shop... It is a powerful economy, and should not be underestimated.
3) If I was a big fat king pin at a big mining joint, and if I was presented with this situation... a) New mine in Argentina, all ready with planning approvals, and appears to have a 5 year break even point, and 10 Billion profit from life of mine, compared to: b) New mine in Australia, without the planning and environmental approvals, with an apparent 8 year break even point, and 6.5 Billion profit after you take the mining tax into consideration.... It's a pretty simple equation... Off to Argentina we go... Spend the money in Argentina, mass revenue stays in Argentina, and Australia misses out completely.

Welcome to our lovely mining tax concept... Two families in most streets in Aus could easily be a heap worse off...

Not saying mining is great, just giving a little bit of a "here and now" reality check. Long term, we need to move away from mining... but at the moment, it is like an addictive drug for our economy, and we need to wean off it slowly, not quickly via an instant mining tax.

---

What else do you want to know?

^^^ or Craig Thomson could walk in with his credit card and everyone would be cashed up! Besides maybe the butcher and post office lady...

I have a heap of mates that work on the mines getting a pretty similar money to me (I'm a broking exec) but none of them have assets like I do. They all have have really cool utes, two have $16k jet ski's, all have big TV's but they all are renting or have bought a **** heap with a pool and spa in a way out suburb with no potential for growth. I had to lend my mate cash for a taxi to the airport - he earns $120k a year.

Especially for the non highly skilled employees, mining money is bad training. Blokes that were making ends meet doing labour type jobs, earning $50-60k a year but watching how they used their money, suddenly got paid $100k plus a year. They all think they are millionaires now!

Yes they work hard, but it's a false type of wage, in the fact that they work stupid amounts of hours to achieve it. I worked out with the boys, that if I did the same hours that they do I would earn $300,000 a year. I always feel bad for them when they bust $500 at the pub, not because they can afford it but to keep up with the other blokes that do it. Then back to the mine for another two weeks while their wife and kids wonder why they live in Kenwick and mum's stationwagon isnt an Audi, especially when dad works half the year away. Vicious circle really.

Hows the saying go? a fool and thier money are easily seperated

They all think the gravy train will go on forever, what about when they finish expanding the Pananma canal, then Brazil will be as close as Australia is to China..

^^^ As per Mackerel's comment - My wife recently quit her job as a Finance manager (in a small credit co-op) and chose to work in a primary school for less $$$. She basically got sick of the 'poor' souls that 'only' earn $90-$100k and can't afford their lifestyle, and we live in possibly the least-expensive city in Aus! Many live week to week and require assistance, also many are double-income families with both working in the same factory ($180k combined income).

Whilst it amazes me how that sort of income can't be managed, as Simondo said, those high-income / poor money-management workers are possibly the ones that are keeping many small local economies stimulated?! In one hand...out the other - god bless the 'poor' souls.

Mackerel said...

I agree with poor rellie! She has the opportunity to become a WA champion - think of the difference she could make to smaller projects like the ones mentioned. A weeks income spent on WA charity and schooling projects and she would have the whole state cheering her on.
But I guess if she is trying to keep her money from her own kids....

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