World’s richest woman would prefer to pay her miners $2 a day

[one...two...tree 2,762]

Meet Gina Rinehart. Born Georgina Hope Hancock, Rinehart is heir to her father's fortune built at Hancock Prospecting in Australia, where Rinehart remains as executive chair. Hancock Prospecting holds the rights to the world's largest iron ore deposit and has made Rinehart the richest woman in the world, sitting on a fortune of almost $30 billion USD.

Yesterday, Rinehart lost her cool.

Asia's richest woman, mining magnate Gina Rinehart, warned on Wednesday that Australia was becoming too expensive for mining firms which she said could hire workers for under $2 a day in Africa.

Rinehart's comments, promptly denounced by Prime Minister Julia Gillard, coincide with growing concern about the strength of Australia's mining boom in the face of weaker demand from main customer China and tumbling prices of iron ore, its single biggest export earner. …

"The evidence is inarguable that Australia is becoming too expensive and too uncompetitive to do export-oriented business," Rinehart told the Sydney Mining Club in a rare public appearance. A video of her address was posted on the club's website.

"Africans want to work, and its workers are willing to work for less than $2 per day," she said in the video. "Such statistics make me worry for this country's future.

If you listen to the full statement, Rinehart's arguments will sound remarkably familiar. She's a job creator, you see, who wants nothing more than to put people to work. But it's just so expensive! So she does what any job creator would do: oppose carbon pricing and turn to cheap labor overseas.

Part of Rinehart's recent stress may have been triggered by

a drop-off in the price of iron ore

driven largely by overproduction of steel in China.

Rinehart was similarly charming last week in a column in a mining magazine.

"There is no monopoly on becoming a millionaire. If you're jealous of those with more money don't just sit there and complain, do something to make more money yourself," she wrote in Australian Resources and Investment magazine. "Spend less time drinking, smoking and socialising and more time working."

Again, Gina Rinehart inherited her fortune from her father.

http://grist.org/new...ners-2-an-hour/

[X Factor 1,112]

There is no monopoly on becoming a millionaire. If you're jealous of those with more money don't just sit there and complain, do something to make more money yourself," she wrote in Australian Resources and Investment magazine. "Spend less time drinking, smoking and socialising and more time working."

Again, Gina Rinehart inherited her fortune from her father.

She would make a good politican

[The Nature Boy 4,224]

http://grist.org/new...ners-2-an-hour/

Typical liberal #######. The link cuts out most of her comments. First she did not lose her cool. She did not adocate paying Australians 2 per hours. The whole speech was more about red tape adding a carbon tax to an Australian economy that was already having trouble competing becuse of cheap labor in other countries. She went on to speak of poor infrastructure. She also went on to point out the cost of doing business in Australia and how tax was strangling out small business in Australia.

The whole point of her speech was reducing federal debt, removing restrictions from business, making Australia more business friendly and re investing in Australia.

In other words in typical liberal fashion you took one sentence out of a 10 minute talk, basically lied, and tried to demonize a person who wants to make jobs and business prosper in her own country.

Listen to the whole speech. She is fighting the same ####### liberals are doing to use here. It is not about moving jobs to Africa it is about keeping them in Australia.

[The Nature Boy 4,224]

http://grist.org/new...ners-2-an-hour/

You left out the part in which she said ----

"If you want to help the poor and our next generation, make investment, reinvestment and businesses welcome. High-tax socialist policies don't create jobs, business and investment do," Rinehart said recently, pointing out Australia was mired in costly labour regulation, investment-sapping taxes and carping jealousy fanned by a pusillanimous political class.

[Mr. Big Dog 10,747]

Classic example of what "trickle down economics" really means.

[Kathryn41 3,205]

Post containing racist comment violating TOS has been removed.

[Gary and Alla 3,694]

http://grist.org/new...ners-2-an-hour/

So she is like the US employers who exploit illegal aliens.

Do you favor strict punishment of anyone that hires illegals to avoid wage and hour laws? Would you be in faovr of taxing US employers $100,000 per illegal alien/day and confiscating their property to enforce OUR labor laws which provide for humane conditions? Steven? Would you?