Antinuclear

South Australia’s Chamber of Mines welcomes corporate welfare

Dennis Matthews, 4 March 14, The term “royalty holiday” (The Advertiser, 4/3/14) conjures up an image of pampered princes and princesses globetrotting on a luxury holiday at taxpayer’s expense.

In fact, in the case of mining royalties this is not far off because not having to pay “royalties” is a form of welfare to rich corporations. The term “royalty” is an archaic term for paying for a non-renewable resource that belongs to the government and hence the tax-payer. Not paying such royalties amounts to a donation of our non-renewable resources to corporations that are far from needy.

No wonder the SA Chamber of Mines welcomes such “royalty relief”.

March 4, 2014 - Posted by Christina Macpherson | Uncategorized