Michael Stutchbury, editor-in-chief of the Australian Financial Review distinguished himself on the ABC’s “Insiders” this morning. Unlike Barrie Cassidy’s other two guests, Kerry Anne Walsh and Mike Seccombe, who could apparently see a difference between other taxes and the mining ‘tax’ (resource rent), Stutchbury was quite sure he should lump the mining tax together with all the other taxes Australia needs to reduce.
That’s one more trained economist who never learned the difference between a tax and a natural resource rent. You also somehow skipped your Economics 101, Michael?
Wonder whether he’ll insist staff at the AFR see no difference either?
Alan Mitchell at the AFR knew better.