Wednesday, June 09, 2010

Form reversals and the Super Tax

My horse lost again last today; third poor run in succession. Apart from confirming the suspicion that the weight of my money could stop a train we decided that after-the-race punters are much smarter that their pre-race cousins.

With that truism in mind let me pass comment on the Federal Government's Resource Super Tax, or rather its handling of it. It would appear that the idea was hatched by the Gov's inner circle and presented as a fait accompli to the industry, unions and public alike. Contast this with the concensus approach which might have had a completely different outcome both practically and electorally. (Or are they the same thing in an election year?)

What if Kevin 07 had called in the big players for a 'chat' and presented them with an ambit claim for the 40% tax hike and then intimated that he was negotiable. By the end of the day they might have been happy to have walked away with, say, a 25% Super tax. No mega advertising campaigns- from either side, no slide in the polls, no stockmarket hiccups; just a lot of extra cash for schools, hospitals etc. Hooray for Kevin!

Almost a year ago my horse was going gangbusters; seven placings in a row including two magnificent wins at Kembla. Now he's struggling to beat time. A bit like Kevin really, isn't he. Hope springs eternal though and we're already planning his next start at which we reckon he'll improve many lengths and win running away. Don't laugh, it can happen. Don't know if Kevin can do likewise but if you think it will help I'll put a few dollars on Tony "Great Big New Tax" Abbott for you.

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