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Re:An Iraqi who saved Norway from oil (2009) by somedangedname on Wednesday October 06, 2021 @11:21PM (#28781456)
Is doing well be a bar against doing better? The wealthy have no hangups about taking profit so why should the rest of us?

Mining activity is 10% of Australia's GDP. Mineral land rights in Australia are property of the government so why do overseas and private-domestic operators get to make all the profit? When Norway's example shows us that a publicly funded and owned industry was possible!

Too late now though - the last attempt to extract more value out of a booming industry led to the downfall of the government: https://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax.

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