Posted by nyssa on May 15, 2012 in

I have been in recruitment for over 6 years and thoroughly enjoy it. It is fair to say I had the “pleasure” of starting in the Recruitment Industry at the beginning of the Boom Years, in which I have to admit was such a good time for all that enjoyed the benefits of the Boom – and that’s not thinking about it from a selfish point of view… it was great to see the whole Australian economy buzzing, every business being successful and people having the opportunity to enjoy life to the fullest and perhaps doing things they never thought they could! And I have worked through and survived the Global Financial Crisis. Whilst that was very tough period, I am personally glad that I worked through it and experienced just how tough it was – for without the tough times, one cannot truly appreciate and genuinely make a difference during the boom times.

They were tough times indeed; people lost thousands of dollars, some millions… mortgages defaulted, share portfolios were instantaneously not worth the paper they were written on and many people’s jobs were made redundant. Businesses collapsed and entire economies not only ground to a halt but went backwards into recession.

It is a period of time that will not easily be forgotten, but we survived and have come through it now – and hopefully wiser, more aware and more appreciated of the finer things in life that were seemingly “easy” to have in the Boom Years.

However, the future is scary! We have just come through the damaging GFC and the hard working people and businesses of Australia are trying hard to bounce back and create a prosperous future… and all of sudden the pillars of our economy – Mining, Engineering, Oil & Gas, Manufacturing and Utilities – are faced with a tax that by recent modelling from the Centre for International Economics estimate that Australia faces a $30 billion hit to our domestic growth by 2018. This, in my humble opinion, is a terrifying estimate.

I agree, there must be action on carbon and on polluters, but what is the logic of penalising the major industries of this great country – and turning away foreign investment – by taxing these key industries? Is it being done to win “heartland” votes and encouraging the death of aspiration, by despising those that are successful. Wouldn’t it be better to incentivise industries – incentivise the greater community – to find better, cleaner, greener ways to create better, cleaner and greener energy for the future, rather the penalising the status quo?

This is a complex and critical issue, and it is key to our future on many levels. I feel there needs to greater cooperation between Government and Business – for it to consultative and the focus on bringing about win-win result for Business, the Government and our Environment.

Rasmus George – Senior Consultant

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