25.04.2011 - Resource wealth must be saved for the national good
Australia should have a mining tax and a sovereign wealth fund. Both of these would allow better management of our national wealth. Australia is converting part of its vast resource wealth - the ''rocks'' in the ground - into cash. The lion's share of this cash is flowing directly to the mining companies, while only a small part is being retained by the Australian people (by flowing back into the general fiscal accounts)..............................................Full Article: Source
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