What a crock of shit! importing from overseas!? fuckin bullshit!! all you have to do is stand at perth airport early in the morn to see the amount of ausies heading out to work in the mines!! And as for putting back into the community! do your research! the amount of community projects funded by the mining industry is outstanding!! and NOT all of it is published, blowing away your theory of it all being a publicity stunt!! Absolute garbage!!
@reesa33 In Broken Hill where BHP started the largest silver lead and zinc mine in the world. All that is left is gaping open cut mines, mountains of black slag in town, dust storms from using all the local timber, high lead levels & lead pollution in our back yards & lead dust in ceilings. Once they're finished, you are left with the damage, the money pumped into infrastructure ceases and the facilities shut down. No bullshit here mate, just the facts. I have seen it first hand.
Maybe you find it juvenile and unfunny but the ads being satirised by this video are so ridiculous nobody could ever find them funny, and the people putting them out should to be ridiculed. The mining industry accounts for less than 2% of Australian employment, and the profit margin in mining is more than double the nearest sector. It's hard to rationally feel sorry for them, but thankfully the aspirational middle class is ready to defend them. Anything except stinking hippies and unions, right?
Is this effective expenditure of AMWU union fees? Well I guess it's better than paying for prostitutes! There are a couple of funny moments, but otherwise it's pretty juvenile and bears no comparison to reality. If mining was an easy way to riches, why doesn't everyone just invest in mining company shares and sit back while the money roles in? The tall poppy syndrome is alive and well here.
Are you retarded? Everyone DOES invest in the mining companies. It IS an easy way to riches (for investors, at the least). It's called the mining "boom" for a reason.
Sure they employ people and pay them well (and so they should being that mining, truck driving etc are very dangerous jobs for the average worker) but that doesn't mean they can go around unregulated and can be allowed these enormous profits without giving much back in the long term.
@pronumeral1446 I can tell by your comment that you are immature, probably quite young and lack knowledge on the subject. Immature = "retarded"; young = you've never experienced a mining 'bust'; lack knowledge = mining is not "unregulated" and mining companies are taxed more than any other corporate activity in Australia. That is because they pay state royalties on what they extract, not on their profits, plus of course they pay normal company tax, (quite rightly too).
@69jaymez yeah, actually, domestic mining companies pay an effective company tax rate of just 17 per cent, and foreign companies like BHP Billiton around 13 per cent. Even foreign companies are exempt from duties like fuel excise that every other business has to pay.
Avoid the name calling... it is usually employed by those without recourse to a rational argument. It does your position no credit.
@goodwillta your last comment was for @pronumeral1446? You probably got the ETR for mining coys from the Henry Tax review. This is based on federal tax paid as a % of profits before a range of deductibles. It is very misleading. State Royalties vary depending on the resource. From a flat rate to a % of 'royalty' (sale) value of 2.5% - 7.5%. The royalty paid is tax deductible like any other expense (including depreciation, HO expenses etc) thus mining coy ETR for the Federal Gov are low.
@69jaymez Mining Coys have exactly the same % tax applied to their profits after deducting expenses as every other coy in Aust. Many mining ventures lose all their investors' money and pay no tax because they earn no profit. It is high risk. For every successful mining company there are dozens which go broke paying exploration, proving and development costs. Some mining ventures, attract special Govt funding or tax benefits to get the project up or to build build infrastructure.
@69jaymez Not true about tax, as commented above. Regarding the high risks, there is a point to be made, namely that it is the small Australian mining companies that run those risks and that should arguably be helped out by government support. However, it is the big overseas companies who are not at risk but are the ones getting support, in tax breaks, infrastructure, contracts, and legislation. Aussie mining companies lose out, like the rest of us here in Australia. Bloody stupid.
@sonofnob references? Examples? The only thing I can think of which supports your argument may be when a mining coy gets approvals and a financial contribution to re model a port facility or build a railway. But such things are a benefit to the greater community.
@goodwillta on fuel excise, Mining companies are among a long list of domestic and foreign owned industries which attract the fuel excise rebate including agriculture, fishing, forestry, marine transport, rail transport, nursing and medical. Also fuel used for domestic heating, any power generation and certain manufacturing processes.
Ha, this was great.
shraka 2 months ago
What a crock of shit! importing from overseas!? fuckin bullshit!! all you have to do is stand at perth airport early in the morn to see the amount of ausies heading out to work in the mines!! And as for putting back into the community! do your research! the amount of community projects funded by the mining industry is outstanding!! and NOT all of it is published, blowing away your theory of it all being a publicity stunt!! Absolute garbage!!
reesa33 3 months ago
@reesa33 So how do you explain the recent push from the mining industry to import more workers from overseas on temporary work visas?
shraka 2 months ago
@reesa33 In Broken Hill where BHP started the largest silver lead and zinc mine in the world. All that is left is gaping open cut mines, mountains of black slag in town, dust storms from using all the local timber, high lead levels & lead pollution in our back yards & lead dust in ceilings. Once they're finished, you are left with the damage, the money pumped into infrastructure ceases and the facilities shut down. No bullshit here mate, just the facts. I have seen it first hand.
anneahgee 2 months ago 2
gold!
captainghey 3 months ago
great stuff! the real story
crosbeee 3 months ago
See what Andrew Forrest (the real Allan Billison) is doing to the Yindjibarndi people.
Search Yindjibarndi on Facebook, and Google.
jimmycaust 3 months ago
Maybe you find it juvenile and unfunny but the ads being satirised by this video are so ridiculous nobody could ever find them funny, and the people putting them out should to be ridiculed. The mining industry accounts for less than 2% of Australian employment, and the profit margin in mining is more than double the nearest sector. It's hard to rationally feel sorry for them, but thankfully the aspirational middle class is ready to defend them. Anything except stinking hippies and unions, right?
younahmsayin 3 months ago 7
Is this effective expenditure of AMWU union fees? Well I guess it's better than paying for prostitutes! There are a couple of funny moments, but otherwise it's pretty juvenile and bears no comparison to reality. If mining was an easy way to riches, why doesn't everyone just invest in mining company shares and sit back while the money roles in? The tall poppy syndrome is alive and well here.
69jaymez 3 months ago
@69jaymez
Are you retarded? Everyone DOES invest in the mining companies. It IS an easy way to riches (for investors, at the least). It's called the mining "boom" for a reason.
Sure they employ people and pay them well (and so they should being that mining, truck driving etc are very dangerous jobs for the average worker) but that doesn't mean they can go around unregulated and can be allowed these enormous profits without giving much back in the long term.
pronumeral1446 3 months ago
@pronumeral1446 I can tell by your comment that you are immature, probably quite young and lack knowledge on the subject. Immature = "retarded"; young = you've never experienced a mining 'bust'; lack knowledge = mining is not "unregulated" and mining companies are taxed more than any other corporate activity in Australia. That is because they pay state royalties on what they extract, not on their profits, plus of course they pay normal company tax, (quite rightly too).
69jaymez 3 months ago
@69jaymez yeah, actually, domestic mining companies pay an effective company tax rate of just 17 per cent, and foreign companies like BHP Billiton around 13 per cent. Even foreign companies are exempt from duties like fuel excise that every other business has to pay.
Avoid the name calling... it is usually employed by those without recourse to a rational argument. It does your position no credit.
goodwillta 3 months ago 5
@goodwillta your last comment was for @pronumeral1446? You probably got the ETR for mining coys from the Henry Tax review. This is based on federal tax paid as a % of profits before a range of deductibles. It is very misleading. State Royalties vary depending on the resource. From a flat rate to a % of 'royalty' (sale) value of 2.5% - 7.5%. The royalty paid is tax deductible like any other expense (including depreciation, HO expenses etc) thus mining coy ETR for the Federal Gov are low.
69jaymez 3 months ago
@69jaymez Mining Coys have exactly the same % tax applied to their profits after deducting expenses as every other coy in Aust. Many mining ventures lose all their investors' money and pay no tax because they earn no profit. It is high risk. For every successful mining company there are dozens which go broke paying exploration, proving and development costs. Some mining ventures, attract special Govt funding or tax benefits to get the project up or to build build infrastructure.
69jaymez 3 months ago
@69jaymez Not true about tax, as commented above. Regarding the high risks, there is a point to be made, namely that it is the small Australian mining companies that run those risks and that should arguably be helped out by government support. However, it is the big overseas companies who are not at risk but are the ones getting support, in tax breaks, infrastructure, contracts, and legislation. Aussie mining companies lose out, like the rest of us here in Australia. Bloody stupid.
sonofnob 2 months ago
@sonofnob references? Examples? The only thing I can think of which supports your argument may be when a mining coy gets approvals and a financial contribution to re model a port facility or build a railway. But such things are a benefit to the greater community.
69jaymez 2 months ago
@goodwillta on fuel excise, Mining companies are among a long list of domestic and foreign owned industries which attract the fuel excise rebate including agriculture, fishing, forestry, marine transport, rail transport, nursing and medical. Also fuel used for domestic heating, any power generation and certain manufacturing processes.
69jaymez 3 months ago
This is the real story, No flys here
Afamousperson 3 months ago
This comment has received too many negative votes show
Charles Firth, of the left winged Chasers boys, is responsible for this crap. Boring, socialist garbage, and about as funny as cancer.
JohnHay57 3 months ago
Charles Firth has seen this, well done :D
Emerald3357 3 months ago