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Modern Monetary Theory (MMT) (Read 107728 times)
thegreatdivide
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Re: Modern Monetary Theory (MMT)
Reply #1125 - Apr 3rd, 2025 at 5:09pm
 
Is there no limit to the greed of billionaires, wanting to maximze their own profits at the expense of the nation?

(ABC News Australia)

Peter Dutton and Gina Rinehart fall out over Coalition gas plan, net zero

The relationship between Peter Dutton and resources billionaire Gina Rinehart has soured over the Coalition leader's plan to force energy giants to sell gas into the domestic market at a likely loss.

The ABC also understands that Ms Rinehart's enthusiasm for Mr Dutton has waned in recent weeks because he has not ditched the opposition's support for net zero by 2050.

"There's been a cooling of the relationship," said one senior Coalition figure who spoke on condition of anonymity because of sensitivities over the Liberal leader's personal relationship with the resources billionaire.

Among the grievances are Mr Dutton's failure to adopt more aggressively pro-business policies on industrial relations and tax. "She felt like he talked a big game until he had to deliver", the Coalition source said.

Signs of the split emerged on Ms Rinehart's corporate website in recent days, with hancockprospecting.com.au linking to at least three stories critical of Mr Dutton's plan announced a week ago to establish a domestic gas reservation.

The website's links include an article in The Australian Financial Review reporting remarks by South Korea's largest investor in Australia and one of the world's biggest LNG buyers, which slammed political intervention in the market.

.....

"Political intevention in the market" -  for the benefit of Australian consumers, not profit-maximizing by/for greedy fossil companies?

Deplorable.

The gas and iron reserves belong to Oz, not Gina; why should she "own" Oz ore  merely because her father discovered some of it?

And hats off to Dutton for having the guts to tell the gas  companies where to go, for the sake of Oz consumers.

Albo is too well-mannered, apparently...

A previous Labor Premier  in WA did it years ago in WA, ensuring reasonable prices/supply for WA consumers.    



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« Last Edit: Yesterday at 11:18am by thegreatdivide »  
 
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Bobby.
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Re: Modern Monetary Theory (MMT)
Reply #1126 - Apr 3rd, 2025 at 5:20pm
 
Fat Gina wanted to pay Australian workers $2 per day -

she thinks all of our resources are there to make only her rich.
  Roll Eyes



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