Times are a changing

Discussion in 'Four Corners' started by DiegoNT, Jul 7, 2017.

  1. Parra

    Parra Coach

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    If you say so. You're the only person who has made that claim.
     
  2. myrrh ken

    myrrh ken Bench

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    So do you have a problem then with the fact adani has been granted massive concessions regarding the payment of mining royalties.

    Ie digging up our resources for an absolute song.
     
    Last edited: Jul 8, 2017
  3. Parra

    Parra Coach

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    The idea of any govt offering concessions is not a bad one. There are plenty of bad examples and outcomes though. There are also plenty of good examples and outcomes.

    Concessions are something unique that govts can offer. They have a monopoly in that regard and also a wide range of responsibility and accountability.

    There is no justification for handing out cash - you can go to the market for finance and if your project is too risky to attract funding then you don't get the cash.

    In short, depends on the concession or incentive in any given case.
     
  4. myrrh ken

    myrrh ken Bench

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    So giving away $320 million dollars in resources is okay. But cash is a no no?
     
  5. Parra

    Parra Coach

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    Again, your claim.
     
  6. myrrh ken

    myrrh ken Bench

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    Is just stupid that you have a problem with cash grants in absolute terms yet you may or may not be okay with cash paid in another form. Boggles the mind
     
  7. Bandwagon

    Bandwagon Coach

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    So, when you claimed the market were fine with Adani, you were neither picking nor choosing nor arguing?

    What exactly is it then you were doing?

    My best guess is it was yet another attempt at saying something without actually saying anything.
     
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  8. Parra

    Parra Coach

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    Yet short of name calling and being boggled you have nothing to add.
     
  9. myrrh ken

    myrrh ken Bench

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    He seems to just like to have a tired old crack about handouts. Probably didn't think he needed to explain himself.
     
  10. Parra

    Parra Coach

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    I'm not here to unboggle your head.
     
  11. 2_Smoking_Guns

    2_Smoking_Guns First Grade

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    that is very fortunate.. for all involved.....
     
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  12. bazza

    bazza Coach

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    Apparently the 'free market' dictates that Australia is beholden to rent seeking mining companies
    When the actual market decides that their projects are not viable, it is up to the government to support them so that the 'free market' functions correctly
     
  13. myrrh ken

    myrrh ken Bench

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    Only because of geography really. Why set up in the UK and pay tax when when you can be in Ireland and do it for free? Companies still need a European base.

    I think Brexit will in fact increase tech companies relocating to Ireland so that they can continue servicing europe.
     
  14. Pommy

    Pommy First Grade

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    Perhaps but not with the tax system they currently have. That's coming to an end.
     
  15. bazza

    bazza Coach

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    So a scenrio where a miner pays less royalties is OK
    a Scenario where the goverment hands out money that match the reduced royalties is not ok?
     
  16. Bandwagon

    Bandwagon Coach

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    In this case I find the difference between concessions and handouts non existent, the coal for the concessions will be made is the product from which they derive income, not having to pay for the product you sell isn't a bad deal at all, I wouldn't mind some of that action.
     
  17. Parra

    Parra Coach

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    No bazza. That is not ok.
     
  18. myrrh ken

    myrrh ken Bench

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    so... have you formed a view yet on Adani?
     
    Last edited: Jul 11, 2017
  19. Danish

    Danish Referee

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    On the original topic...

    The Model 3 by Tesla is being delivered a couple weeks ahead of schedule, however ramping up production is going to be a lot slower than anticipated.

    They had forecast to be able to produce 80,000 model 3s per month starting in December, but that figure has been rolled back to 20,000. This is largely due to delays in battery manufacture from what I read.

    The car costs $35K but also comes with a $7.5k federal rebate. One wonders how long that rebate will last when there are millions of electric cars being delivered each year by 2019 or so
     
    Last edited: Jul 11, 2017
  20. bazza

    bazza Coach

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