Well, I guess the mining tax is brown bread.

Where are those Super Profits?

http://au.finance.yahoo.com/news/bhp-chief-step-aside-company-213804782.html

 

It's all in the maths:

a = b
a + a = a + b
2a = a + b
2a - 2b = a + b - 2b
2*(a - b) = a + b - 2b
2*(a - b) = a - b
2 = 1

Simple

 

Looks good, but impossible to divide by zero:

2*(a - b) = a - b = 0 ...... can't divide by zero

 

That's where Treasury went wrong

 

Got an invite in the mail a couple of days ago.

"Come and join your local member Wayne Swan for a BBQ breakfast and coffee next Saturday morning" at the local park.

Thought about going to have a chat and see what he's really like, but then realised it will be a waste of time and it's probably just International Roast anyway.

 

It would be interesting to get his take on the role of gold and if it should be considered a reserve asset.

I wonder if Mr Swan would like to know there is a Gold Repatriation Petition?

You never know, in between him cooking the BBQ and serving up snags (sausages) you might be able to slip him a questions or two.

 

Yeah, and old Wayney probably did the budget for the BBQ, so you can guarantee there'll be no surplus bacon, eggs, or coffee.

 

Oh I'd rush at that and ask about the gold.

 

Will he still be treasurer by Saturday?

 

Brilliant post when I look one line down at your signature

 

It's interesting the Greens are angry the so called super profits tax is making no money when the primary payer of the tax is making a loss and not making any 'super' profit. Were the Greens not paying attention in school when numbers were being taught.

 

Nah, Imo I think you are wrong as there will be alot of things more than enough for everyone.
Cos he cant add up when its comes to simple addition. All theirs figure are over million.
Less than 200 - 500 people attending he might cater for million , this is where he goes wrong.

A lot of wastes, over projected of estimatation. Worse treasurer ever in history alot of stuffing up.
How can you estimates over 10 billion revenue to collect while only 100 million are real figure for the tax.
Then blame on this and that. Go figure out. They just cant add up.

 

Well if he's basing the sausage count on the number of people he thinks like him, there may well be a big surplus.

 

:lol: :lol:
Surplus what surplus? They have spend them all before collecting at the rate they are going.

 

if the treasurers cooking skills emulate that of his arithmitic we may well have a black sausage event

 

Or a pink one.

 

These politicians should have to sit competency exams.

 

Like this one:

[youtube]http://www.youtube.com/watch?v=b6wFWW61yTE[/youtube]

 

Interesting article about a guy who had forecasted (in a rough manner) the predicted revenues were overstated and got attacked by Wayne Swan.

http://www.couriermail.com.au/news/...tner-john-murray/story-e6freon6-1226579238696