Gina Reinhart on Track, Australia richest woman and on track to be richest woman in the world in the next 10 years....
3 cheers 
And the great unwashed masses believed her when she stood on the back of a ute in her pearls and wailed that a mining tax would ruin us all.
I thought we could all gather round and support feminism and her achievements.
And environmental rape......
Is that sour grapes I detect in that hambuglar?
I think you might be confusing money in the bank with dirt in the ground.
She will be the worlds richest woman if and when she digs up all that dirt and refines it down to saleable iron ore. And then she will have to pay tax on whatever she gets for it.
At the moment, you don't have to pay tax on dirt in the ground, and that sounds fair to me.
It would be like paying tax on your cattle as soon as you see the bull humping the heifers. They might all drop calves but there's a lot that can go wrong between the humping and the dumping.
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Just going to sit back and see how she wriggles out of the trust shemozzle saga - reckon thats got a sting in the tail and in the purse
and in the purse
I agree with Tmurray we got absolutely ripped off with the mining tax saga.
I have also heard Gina Twiggy and co complain about the skills shortage and the fact that they cant find enough local labour to move their projects quickly. Their answer is to import labour from overseas.
I just dont believe this is to our collective advantage, the pollies and the minerals council are buying it !
Bull shizzle we are getting ripped off again!
Earning herself $54 mill per day (just over $1 mill per half hour (awake or sleeping)).
Out of interest Lang Hancock had another daughter - she's half aboriginal and thinks he was a good bloke because sometimes he gave her shoes.
www.couriermail.com.au/nocookies?a=A.flavipes
Richest woman in the world but to tight to buy a Bic or Gillett disposable and shave her mow!
How many billion?
its sick.
She could be a real trooper in WA. Funding all sorts of community projects, wasn't there an autistic rehab place closed down recently because they were 100,00 short.
Or the high school in East Freo that the headmaster has reported in great need of repair and even sent a letter to parents making apology.
I hate ****ing moles who bathe in cash made from the resources of this state that we all own and do **** all with it. ****s.
Bring on the mining tax these ****s can well afford to pay more for the benefit of our future generations
Her current hourly rate reported yesterday is $2m p/h wonder what tax is being paid on that?
bring on the mining tax these C***S are farking central QLD
SO what does the government do give them the green light for another 3 coal ports and give jobs to OS workers they are FARKING our beaches and its only a mater of time before they FARK our reef[}:)]
this change in QLD state gov will do nothing
and the Greens are gutless
I agree with poor rellie! She has the opportunity to become a WA champion - think of the difference she could make to smaller projects like the ones mentioned. A weeks income spent on WA charity and schooling projects and she would have the whole state cheering her on.
But I guess if she is trying to keep her money from her own kids....
Mining economy...
The extra money from Mining, and Oil & Gas is like that old economic joke...
^^^ or Craig Thomson could walk in with his credit card and everyone would be cashed up! Besides maybe the butcher and post office lady...
I have a heap of mates that work on the mines getting a pretty similar money to me (I'm a broking exec) but none of them have assets like I do. They all have have really cool utes, two have $16k jet ski's, all have big TV's but they all are renting or have bought a **** heap with a pool and spa in a way out suburb with no potential for growth. I had to lend my mate cash for a taxi to the airport - he earns $120k a year.
Especially for the non highly skilled employees, mining money is bad training. Blokes that were making ends meet doing labour type jobs, earning $50-60k a year but watching how they used their money, suddenly got paid $100k plus a year. They all think they are millionaires now!
Yes they work hard, but it's a false type of wage, in the fact that they work stupid amounts of hours to achieve it. I worked out with the boys, that if I did the same hours that they do I would earn $300,000 a year. I always feel bad for them when they bust $500 at the pub, not because they can afford it but to keep up with the other blokes that do it. Then back to the mine for another two weeks while their wife and kids wonder why they live in Kenwick and mum's stationwagon isnt an Audi, especially when dad works half the year away. Vicious circle really.
As was pointed out to me this evening.
Our state is some 20 billion in debt. How many billions are bhp Woodside Gina and the others making from the dirt here.
Hows the saying go? a fool and thier money are easily seperated
They all think the gravy train will go on forever, what about when they finish expanding the Pananma canal, then Brazil will be as close as Australia is to China..
^^^ As per Mackerel's comment - My wife recently quit her job as a Finance manager (in a small credit co-op) and chose to work in a primary school for less $$$. She basically got sick of the 'poor' souls that 'only' earn $90-$100k and can't afford their lifestyle, and we live in possibly the least-expensive city in Aus! Many live week to week and require assistance, also many are double-income families with both working in the same factory ($180k combined income).
Whilst it amazes me how that sort of income can't be managed, as Simondo said, those high-income / poor money-management workers are possibly the ones that are keeping many small local economies stimulated?! In one hand...out the other - god bless the 'poor' souls.
BHP, RIO, Xstrata all conceded that they should be paying more tax. I own shares in 2 of those companies and I think they should be paying more tax.
The worst worst worst possible outcome of increasing the tax mining companies pay is that they will transfer SOME of their investments to other countries - but then we will still have all those minerals in the ground, and their value is not decreasing. Demand is always increasing and no-one is growing iron ore deposits.
I don't dispute the mining industry makes significant contributions to the country (I'm in WA, a big proportion of my clients work in mining / mining related fields), but also at sometimes incredible cost.
But back to Gina - you do realise she's been lobbying to create a 'special economic zone' in the Pilbara - ie the ability to bypass normal working visa conditions for foreign workers, and also wants to apply different pay / working condition for those workers - hardly the actions of someone with Australias best interests at heart is it?
