Further taxing resources is not going to bring out new supply, so it will hurt us all in the long run. Do you think politicians are going to find new supplies, much less develop them? If your government insists on taxing the golden goose, it should at least pay off debt so when the bad times come Australia will suffer less.
in The Sydney Morning Herald
Related: Rio Tinto plc (ADR) (Public, NYSE:RTP), BHP Billiton Limited (ADR) (Public, NYSE:BHP), Freeport-McMoRan Copper & Gold Inc. (Public, NYSE:FCX)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
