Brendon Grylls Electoral Result - The Wider Worry

Yes its got to be looked at and no doubt many people will including the Nationals. And then again some will want to quickly turn away, point and yell "Look a squirrel" in an effort to be distracted falsely away from the real elephants in the room.

Yes "elephants" plural.

1. The first is, it wasn't a tax it was Special Lease Fee that was set at 1960s rate, has never ever been raised and was even waived the first 15 years. These facts were pushed but barge pole ignored by all and sundry
2. It's billions foregone over the years but it was falsely called out as being a rise in the cost of royalties. It wasn't. Its not a royalty at all and the company CEO declared they were a good profit maker with Ore Prices at $38/tonne. With it now over $80/tonne you'd wonder how subtracting an additional $4.75/tonne would force the company broke or cost WA jobs. How does that actually work?
3. There's much comment now about the million dollar Mining Lobby Campaign. Lets stop and look though. Chamber of Mines & Energy, the governing mining industry lobby group is said to have spent $2 Million on the campaign to push Brendon Grylls out and kill the raise in the Lease Fee. But who does it affect? Well only 2 member companies of the CME. 2 wealthy foreign mining companies Rio & BHP. Yes two multi national listed public companies who's profit dwarfs some of the countries' GDP they mine in.
   Foreign Interests running a campaign. I've used the term Sovereign Over Reach in the blog before, over 2 years ago now. Would you like Exxon being involved in a political campaign here in Australia, maybe Monsanta funding the Greens?
4. The Liberal/Labor Duopoly reigns supreme again and in doing so the Special Lease Fee (wrongly referred to as the Mining Tax) is dead in the water. Two wealthy foreign miners very happy.
5. CME campaign...why? The Special Lease Fee is contained in a "State Agreement" so it only needs all parties to agree. No agreement, status quo remains. So why spends reputedly $2Million + on fighting it? Why not ignore it til it rolls up on the negotiation table and just say "Sorry, we say no" ?
   Because it will call into play the Rio/BHP Duopoly and their standing as good corporate citizens with a fair policy & charter of Corporate Social Responsibility. The share price sensitive black lash of such an unfair and negative plunder position would be very harmful. Better to hire gunslingers to head it off at the pass and shoot the idea in the head to rot in the canyon away from prying eyes.
   Enter the CME.
   
   It has sold the owners of the Ore, WA citizens up the river for a few pieces of silver. They've outdone themselves as cold selfish Judas workers, ripped WA off and its all done away from Rio & BHPs public announcement mechanism. Arms length fire wall.
6. How are you feeling right now?
   
   2 foreign countries come in and via proxies armed with big bucks, a third party ring in, influences the political landscape. Influences who gets to hold the majority in the Western Australian Houses of Parliament.
   
   Political interference from 2 multi billion dollar foreign wealthy mining companies.
   
   Is this some back water nation in Africa, Asia or South America?
   
   The Adler Shotgun Debacle was a classic case of Federal Government's preparedness to commit Sovereign Over Reach on the States. Now we see it by an industry lobby group in the interest of foreign multi national companies.
   
   7 Billion dollars in debt filling returns thrown away and added to the already obscene amount of money the miners should have been paying over 5 decades. Its a scary number all added up.
   
   It equates to a WA Citizen Subsidy Free Kick to the Multi Billion Dollar Foreign Owned Mining Companies. Mums n Dads subsidy.
   
   All ok with the Liberal/Labor Duopoly. We can only hope and pray that the yet to be decided Upper House cross bench has the intestinal fortitude and the social conscience to see the Special Lease Fee pushed and passed because its a private members Bill that is in the best interests of WA.
   
   Our fiduciary duty is not owed to foreign listed multi billion dollar companies.