The "Dirty" Economy Of Australia
Economics Explained
00:00
Australia's Mining Industry Is a Crucial Part of the Australian Economy
A whopping 360 billion dollars, or 35 % of all foreign investments made in 20 20 were made into the mining industry. The more that foreign investors profit off these mines, the less that will be available to the benefit of the nation. Australia has some of the highest taxes in the world. Australians start paying the top marginal tax rate on every dollar they earn over a hundred and 80 thousand dollars per year. This is obviously still a lot of ney, but it's only the equivalent of about a hundred and 30 thousand us.
Transcript
Play full episode
