Wednesday, May 26, 2010

Australia Resource Tax Reversal

http://www.thestreet.com/story/10767515/1/aussie-rallies-on-talk-of-super-tax-retreat.html?cm_ven=GOOGLEN

This was probably the single stupidest tax ever proposed, and in my opinion it had a big roll in the recent market crash. Markets always seem to get blasted when politicians talk about things the harm business profits (see Barney Frank from yesterday).

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