By KATE LEAVER
Gina Rinehart is the world’s richest woman.
And let’s be honest – she’s also one of the least likable people in the public sphere. Last Wednesday, Rinehart released a video that shows how far removed she is from the reality most Aussies inhabit. Take a look:
I’ll warn you, it’s a painful 9mins 55 seconds. Gina was addressing the Institute of Public Affairs – but like Taylor Swift when she wins an Australian Country Music award – Gina spoke to her people via video message. The video has now been circulated around the world as the Gospel Of The Obscenely Wealthy And Unhinged.
Let’s take a quick refresher course in all things Gina: Gina is in charge of the family trust set up by her father, Lang Hancock, in 1988. It’s the trust fund to end all trust funds – Gina’s dad was doing more than sending her to school with a gold coin for her Dollarmite account, that’s for sure.. Hancock’s grandchildren – Gina’s children Hope, Bianca and Ginia Rinehart, and John Hancock - were scheduled to inherit their share in September last year.
Ginia sided with her mother, and the other three children took her to court for what they called “her deceptive, manipulative and disgraceful conduct.” You’ll perhaps remember Hope’s plea in particular – she lives in Singapore with her family and lives on around $60,000 each year, despite the immense wealth to which she is now legally entitled.
Gina Rinehart tried to keep her legal battles private – something I would usually respect – but this case is a blatant attempt to cover up reprehensible behaviour. Gina has claimed that the income tax on her kids’ trust fund dividends would send them bankrupt – something that was officially declared untrue on Wednesday, September 12. She tried to push the date her kids could access their money to 2068, but has finally relinquished power this week, according to her lawyers.
It’s a messy, undignified affair and I’d posit, the most concise demonstration of the corrupting influence of obscene wealth in the world today. This development is just the latest in a string of recent humiliations in the Rinehart & Riches Saga.
International media have given Rinehart the title of “the world’s biggest troll”. Harsh, no?
It gets worse: The Atlantic Wire has described Rinehart as “that perfect mix of Bond villain, Marie Antoinette and Cruella de Vil – the kind of stinking rich and socially ham-fisted character that’s so easy to hate.”
I know it sounds harsh but I am kind of inclined to agree.
Rinehart casts herself as the villain at every turn. At times, she’s almost a parody of herself. Like her mining magnate composite, Clive Palmer, she is a caricature of wealth. She is a cartoonist’s dream. But unlike Palmer, she appears to have no sense of humour, no sense of fun and not a scrap of humility.
She leaves herself open to mockery – “Let them eat cake! It worked for me!” she cries – and constantly squanders her own influence. She’s a political gift to our treasurer Wayne Swan, who swoops in on behalf of the battlers at every convenience. Swanny always takes the bait and, as you know, enjoys a good sparring partner when it comes to class warfare.
Rinehart may think she’s doing Australia a favour in raising the topic of a competitive economy, but the way in which she does it immediately makes the conversation redundant. She’s a case study in how not to deliver politically charged messages.
The BBC called Rinehart’s latest sermon “a rare public address.” As if she were royalty. As if we should be grateful she deigned to address the commoners. When the truth is, she’s an unfortunate communicator, and would be very wise to invest in a speech writer or media adviser to avoid some of her less-than-perfectly-pitched one liners.
I really do not like this woman. I don’t like what she stands for and I don’t like what she says.
But I need to do better. I need to give this woman a chance.
She doesn’t make it easy. But I’ve tried.
If you strip back the condescending, threatening tone – Rinehart’s message about a competitive economy is relevant. We exist in a region where cheap, cheap labour is available broadly, and it is becoming difficult to compete with that.
I find her idea of lowering minimum wage deplorable, and the manner in which she suggested it, somewhat repulsive. Cheap labour is not indicative of a strong economy, it’s a product of poverty and desperation, and human rights are compromised, if not totally irrelevant. The $2-a-day African workforce is nothing to aspire to – as Wayne Swan swiftly pointed out.
I can’t help but think that one day, maybe, Gina Rinehart might have something quite sensible to say – but by then it’ll be too late, because she’s already “the world’s biggest troll.” It’s a shame, to see the world’s richest woman parade and protect her billions, instead of contributing to intelligent discussion or championing social justice or being someone younger women can look up to and admire.
It’s a missed opportunity to do some good and it grieves me to see it happen.
Kate is a radio producer, writer and Goon Show enthusiast. You can find her website here, and follow her on Twitter at @Kateileaver.
Has your opinion of Gina Rinehart changed over time?








Comments
190 Comments so far
Look – lets stop sticking our noses in her family business. Who would know how we would handle it if it were in our family. And quite frankly, after reading Adele (aka Leftie) Ferguson’s biography of Gina – and following the media coverage – I don’t want to know.
The big message here – and thank you Kate for posting the link to the video – is that everything she says in the video is absolutely appallingly true from an economic and business management perspective. If any of you actually played the video to the end – and had a basic understanding of economics – you should agree.
If you take away the image of Gina Rhinehart speaking and put an equally as rich international MAN up there saying the same things – would he get the same flack? No.
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The simple fact was that the money was given in TRUST for her to manage till a specific date. It was not her money but always belonged to the children from their grandfather. Her job was to manage it and recieve fees for doing so.
All those people going “boohoo the children have to work for a living, so what?” are missing the point. The money belongs to the children. Gina is not giving it to them as it is not hers to give.
Would you like it if you won Lotto and someone said you are not well enough equipped to handle it so they decide that you cannot have that money for another 56 years?
What is it with that date…2068????
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Look at the media in America, and you find regular references to the philanthropy of their billionaires. In fact, most charities in the US refuse government funding so that they can stay independent. The reason that they can afford to do this is because their rich people habitually donate large sums of money to charity. This woman disgusts me because she is the richest woman in the world, but is not even willing to share that wealth with her own children, let alone with other people in need in Australia, or anywhere else. Rather, she wants people to be living even more desperately, so that she can grow her wealth. I am ashamed that she is Australian.
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Gina already does hundreds of millions of dollars worth of good. It is called tax! Why should Gina give and do more? She is already contributing massive amounts of tax to the Australian Govt…
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Gina doesn’t appear to realize that the world is now fully globalized, which means we affect each other – this level is unprecedented. The growth bubble has burst. If not growth, then sustainability is what is left. How do we sustain ourselves as a people and a planet ? We need to wise up. Educate ourselves. Gina and the other 1% are living in fear of losing control. But it’s the rest of us that have a chance of making this world something much better by choosing to exit the mind numbing manipulative tactics (called advertising etc) of the mega rich and educate ourselves. Its all out there – but we’ve been too distracted. Take a look at http://www.mutualresponsibility.org and http://www.youtube.com/watch?v=9rY03o4AS14&feature=share. Also the After Capitalism series on the guardian newspaper is interesting too http://www.guardian.co.uk/commentisfree/series/after-capitalism?fb=native
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Money is the root of all evil.
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I think the saying is “the love of money is at the root of all evil”. Money’s just paper or plastic when it comes down to it, but if you love to gather it at the expense of all else…..
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I’d be interested to re-read this article if were written about a male mining magnate. I doubt the comments on parenting would be made, nor about the ‘condescending and threatening tone’ of a video message that was designed for a particular audience, not a ‘rare public address’.
I also doubt they’d be condemned so loudly for growing their wealth. More likely commended for it.
I don’t care one way or the other about Gina, but it irks me that she is so maligned because she is not a charismatic and media-friendly woman. Put someone who looks and has the screen-friendliness of someone like, say, Mia (or even Andrew Forrest) and have them say the same words. The content is still bad but they don’t seem so abhorrent now, do they?
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Thank you Sparky! Well said! Good post!
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Just wondering Mamamia why it is terrible to twitter troll people like Charlotte Dawson and Julia Gillard but it is ok to slam this woman because she is rich?
Since when is rich a crime? The fact Dick Smith thinks she is ok to me means she must do a lot of charity and use her wealth for good in some respects.
I think it is fine to Critisise what she says but to do so by twisting her words out of context and demeaning her based on her family which we know nothing about and out words in her mouth is just bullying.
I disagree with her about the mining tax, I disagree with her about the carbon tax and an argument against her in thiscontext I would support- ie lets talk about why a carbon tax is good and how it will only reduce her already high profits not wreck her business. Lets point out the tax on her profits is only on the ridiculously high profits not struggling businesses. I wouldn’t even object to being presented with both sides of the famliy saga- Yes it is interesting but let’s face it it has two sides.
When articles like this are so heavily opinionated to the point facts are distorted I feel disappointed in this site.
I do not support bullying no matter who it is directed at. If you want a more positive vibe on here do not present articles that demean and encourage vilification.
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Hear hear.
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Well said Amandarose! Good post! Well said!
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So it’s not alright to call a woman a cow, comment on her physical appearance or say ‘they’re destroying the joint’ if you are speaking about a Labor woman or a lefty celebrity but it’s ok to do the same to a woman who we know little about, who has dominated in a man’s world and who keeps the country afloat.
You know what I’d do if I was Gina and read this? I’d shut every mine down tomorrow and tell you all to work t out for yourselves.
It’s sad to see Mamamia shredding their feminist support in order to promote Wayne Swan’s class warfare.
I don’t like this article. I don’t like the tone or the personal insults. It’s hypocrital to demand respect for Gillard and then turn around an do this to another woman.
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Thank you Anonymous! Well said! Good post!
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No, you wouldn’t, because your income would stop.
She probably doesn’t care what strangers on the Internet say and nor should she. I don’t agree with bagging her appearance, but I don’t agree with her philosphophies.
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What philosophies? How do you know what she does or doesn’t do?
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Unless you’re a staff member of hers, I know just as much about her as you do. That is to say, personally, very, very little. Professionally, probably only scraped the surface, but I have read up on her, watched the you tube video. There’s also been a few links posted here that I’ve read.
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Nice bagging of a successful woman’s physical appearance, mothering and character. Is there anything you left out? I guess it’s ok because she a conservative?
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Thank you Dan! Good post and well said!
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Is it really so surprising that she puts her own interests first? That’s what most people do.
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My opinion of Gina only gets worse and worse, as her view of good is so incredibly distorted. if you’ve read the Adele Ferguson book on her, you would have read her idea of beauty, that beauty is iron ore, money and power at whatever cost.
She has made her billions on destroying the land. She serves only herself and the rest of the right-elite.
She is a bad person. She is bad for Australia, she is a threat to democracy and free media, and she is bad for the planet. She needs to go!
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Shellystone,
you do realise if not for Gina and the other mining barons our whole economy and country would be in the very same position as the rest of the world.
I would much rather have someone like Gina running a very successful mining company pumping so much money into or economy to keep us out of a recesion than live in Greece or the USA where everyone is struggling.
We should be grateful for the mining companies for helping us ALL to afford such a strong economy.
Without mining our economy will stop.
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What has being wealthy really done for her?? 3 out of 4 children have taken her to court and as this article depicted ‘unhinged’ well I’ll stick to being poor!! Now where is the nearest pub!!??
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I had always been somewhat supportive of Gina – not immensely so but to the point where I’d often try to highlight some positives about her when friends would bag her – until she wrote in her latest column in the Australian Resources and Investment magazine that those who are jealous of the wealthy should “spend less time drinking or smoking and socialising and more time working”.
It’s like she’s living in Lala Land where she’s blocked from her mind the fact that she inherited her wealth. Her lack of humility and apparent understanding of what reality is like for many hard-working people lost me for good.
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Just like to point out that inheriting wealth doesn’t mean she’s not a hard worker. I don’t really know anything about her but I’d hazard a guess she spends a lot of time at work, unlike her delightful step-mother Rose who flaunted wealth abominably.
One of the hardest workers I know inherited his wealth but he still worked long days, often out in 40 degree heat, just like the people he employed.
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Oh I have no doubt she works hard. Without getting too much into my own situation Gina and I share some similarities that were through no work of our own or out of our control. But the quote I posted above was one of the more ludicrous and insulting I’d heard in quite a while. No one I know has ever said anything like this in my presence, even when drinking and arguing about politics or a contentious societal issue at tables where not one person had to work nor future generations ever have to if they so chose not to. Her comment strikes me as someone who is either so entirely removed from reality that she doesn’t realise how it’d come across or she completely lacks empathy for others while blocking out her own story.
And athough at this point I’d shudder to be seated at a dinner table with her, I’d most definitely say what I did to her face.
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All generalisations are a bit offensive. But having said that I think Australians have become a bit soft. When I visit older imigrants who worked in thesteel works in hard, sweaty jobs they are so greatful for the opportunity to work hard and have a home and a garden and stability. They are so happy with the life they got I feel a bit envious – They lived a simple life and appreciated the simple pleasures along the the hardships.
I know I am soft- I earn a good income and I think I have become a bit spoilt. But can you turn the clock back once you know about wealth and the good life? I like my ipads and holidays and my big house. I was less happy in the small house with less holiday sand less money. But I don’t think Iwould be if I lived in a community that valued small pleasures and everyone made the most of free entertainment. Moneyand what is buys and infiltrated out lives and changed they way we interact.
I do wonder if this new wealthier world has robbed us of the humility and greatfulness to appreciate life’s simple pleasures? Maybe Gina has a point in a way? Even if it is not well thought out and poorly executed?
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I see Tall Poppy Syndrome is alive and well in this country and so is judging women if they are over-weight. Is it because she is super wealthy and has conservative views?
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You don’t see us cutting down bill and Belinda
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Would it be out of the realms of possibilty to consider that Rinehart might be an anonymous phillantropist ?
Of course not ! That won’t get any bites, will it ?
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Given she was deceitful and underhanded with what was rightfully her children’s …. I doubt it
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oh please, boo hoo hoo. Her kids have to out to work instead of living off of their grandfathers wealth.
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No you can’t say that because people want to believe she is an evil, greedy, fat woman who wants to send Australian children to work in the mines for a $1 a week.
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What appears to be forgotten here along with how hard those whom are employed in her operations is the danger that goes along with. People die on sites all the time but because it is often singular rather than on mass the public seldom hear about it. I’m not sure where she thinks miners get the time to be lazy when they work 12 hour shifts
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And the danger involved in their roles is factored into what they get paid.
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My comment on the hypocricy of Mamamia to print this article after carrying on about the way Gillard is spoken about was cut, as I expected. Yet this gets through.
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Just thinking about the concept of lowering the minimum wage in Australia. As a point for comparison, in Korea, a fairly wealthy country, I get paid the equivalent of 5AUD per hour which is an average wage in the hospitality and retail industry. After a forty hour work week, I take home $200.
My rent is 300 per month, $50 per month for bills. Average meal in a cheap eatery is $5, 4peaches costs about $10, a watermelon- $17. Milk is about 2.50 per litre, meat is so expensive I seldom buy it, tampons cost $10 for 16. minimum cab fare is 2.30, bus or train starts at $1 a takeaway coffee is about $4-5
Sure a low minimum wage would make Australia more competitive internationally, but our retail industry would collapse as people couldn’t spend, and we’d see basic items become luxury goods aswe couldn’t afford our own groceries.
Not every country is as rich in natural resourses as ours, and as they become scarce around the world, we’ll always be in a position to export because coal simply can’t be manufactured in a factory.
A final note on Korea- household credit card debt in Korea is at a higher level than America. Among the highest in the world. I guess if you can’t make enough in a week to cover your basic needs, thete’s no option but to borrow and borrow..
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So if China stops making stuff, how many lovely new things do you have in your house/wardrobe? I remember when Australians had far fewer possessions in the ’60s. Yes, Gina is less compelling than the Queen’s Christmas Message, but let’s be honest about our position in the world market. Her voice is a valid POV.
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Gina contribution to the have nots is the millions of dollars she pays in tax.
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Now that’s a first world problem.
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People with that amount of money pay far less tax comparative to any other Australian …… It’s a world wide issue which countries are starting to look seriously at, take Obama and his millionaires tax. You would also find if such a tax was introduced there would be far more in federal budget for health and education. Not sure why so many people think 20 family’s holding 80% of Australia’s wealth is ok and in fact support the richest woman in her call to reduce minimum wage?
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I am certain that she pays more tax than I do, and I pay a lot of tax. We are not owed money by people who earn more than us. Taxing people because they earn high incomes is tantamount to socialism, which has been proven over and over to be unsuccessful on a large scale primarily because it does not allow for self interest. We need to be competitive, and taxing successful individuals will not aid in that cause.
People that earn more get taxed more as a proportion anyway, and share in less of the benefits. Should she donate more money, be more like able and more giving to the community? Yes. But there are plenty of people that take more than they give.
On the award wage, however, I totally agree it should stay put.
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Except you fail to acknowledge there is a cap on tax. Someone earning 200 a year will pay the same percentage as someone earning 2mill…..where exactly is the fairness in that? In particular when as in this case it’s from resources that are owned by the people?
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Its fair because she pays the same percentage in tax- 50%! That’s an awful lot of tax! Half your income gone just like that. Her being successful is not ad for you.
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Except that People on that level right off just about everything and have very creative accounts…packer was infamous in bragging about his 1buck income tax! It still leaves them with vastly more expendable income than most…. But who am I to argue … After all only Obama and the likes think. Millionaires tax is warranted and what would he know
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My husband works in mining, overseas for most of the year, just a two weeks at home every couple of months and half his wage does go in tax…. I can guarantee he works a dam sight harder, longer and with greater sacrifices than those at the top yet still ends up with far less
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I don’t earn a lot of money, but I think that 50 per cent tax is a preposterous amount to have to pay. I am with you mum of 2 cheeky monkeys – no one should be working to give away 50 per cent of their income regardless of whether they are earning 20,000 dolllars a year or 20000 bazillion dollars a year.
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There is no cap on tax, but a cap on the % of INCOME tax paid. These are two very different things. Also factor in that she, like the rest of us pays her 10% GST on goods and services purchased, as well as the medicare levy, stamp duty and a multitude of additional State and Federal taxes. I guarantee she pays more due to the level of expenditure made each year.
Then there’s the mining royalties that we as Australian citizens are paid from her companies which is compensation to US that she is accessing our resources. We as citizens also pick up an additional windfall from the income tax on profits made by her companies, along with payroll tax and a multitude of other taxes and levies that her companies are paying, as are other companies around the country.
I don’t know about you but as a taxpayer I would prefer these taxes paid stay in my country rather be paid to some foreign country.
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Sadly if she paid more tax, costs go up and as it stands today the US and are other markets are muscling in on the resources that have upheld the economy. It aint going anywhere but down now…
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The reality is she has never had to battle each month with a payslip that doesn’t cove all the bills. She never had to go without even as a child. She has never received just a basic wage, she didn’t start at the bottom and work her way up like a majority of Australian she started at the top. I guess people like this just want everything for free or everything cheap because hey they have always gotten everything for free.
I know a wealthy couple who worked from nothing to get something and they deserve it, they pay their workers well over award rate, they give amazing bonuses and Xmas gifts. They help their staff when personal issues effect them, they donate to so many charities and give to do many youth. All because they know what’s it like to start with nothing.
I have no respect for gina and I think she has to be a very unhappy lonely person even with all that money to roll around in.
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I don’t think she is fabulous or anything but I watched that video and I was not offended. She has a business to run and has a right to put her point across. I actually think this article is bait for trolls.
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You make a very good point, Amandarose.
The article is nothing but 100% pure, unadulterated, troll bait.
Some of the comments are quite vile, so I’m more than a little amazed that pre-moderation allowed them to get through. The same comments thrown at Julia Gillard, for example, would not have seen the light of day on this site. Standards, please !
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Great comment Bradley.Gina is a woman who inherited 75 milliion and has turned it into 29 billion.
Julia on the other hand inherited a 22 billion dollar surplus and has turned it into 250 billion dollars of debt.
Seriously,what’s happened to the feminist movement when they want to bring down a extraordinarily successful business woman?
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Bradley and Surfer Girl, Thank goodness you’re both here! I applaud your comments.
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My comments have all been banned. Just want to say I agree. Gina is a woman who has succeeded in a male dominated industry. There is much more I want to say but they wont be allowed through.
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It’s a fair point to make that Gina Reinhart could be doing much more from a charitable and humanitarian standpoint BUT I don’t see any of the same criticisms being leveled at other super wealthy business men based here in Australia. It’s all well and good to demand that the ‘haves’ do more for the ‘have nots’ – it would be nice though if the same standards were applied to both men and women.
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Veru true but if you research her as well as other rich buisness people you will find she seems to do bare minimum.
Take twiggy ( ignoring current circumstances) he refuses to purchase over seas stock from slave labour and sweat shops, he gives enormous donations yearly, he runs program’s for indigenous population to get them educated with a trade the list goes on so for example whilst gina sees nothing wrong with paying $2 a day for labour, twiggy would fight to give that same person a lot more. I think it just shows there is a difference between a wealthy person who has worked for their wealth and one who had it handed to them.
Whilst yes she is a buisness woman that has to put her company first she is pretty much saying your only worth $2 a day who gives her that right to decide .
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fairly sure that twiggy is from a wealthy pastoral family in WA – not sure you can say he started with nothing. And if you dig a little more into what he is doing for indigenous communities, you find that it is all self-serving. all cut from the same greedy, resource guzzling cloth in my opinion
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He is doing above and beyond what is legally required of him in regards to mining leases
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I love that word…posit…
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Excellent article, Out of sheer curiosity (and desire to be able to find some redeemable feature in Gina) I once google searched for any information I could glean on Ginas charitable contributions after learning that she earns the national average yearly wage every single second. Its tough to find anything (and I agree a local sports oval certainly doesnt cut it at her level. This woman takes the countries resources and profits on them when they rightfully belong to every Australian), I think its a safe assumption that if she hoards her immense wealth from even her own children she is unlikely to be too benevolently inspired to help out the less fortunate outside of her immediate family – a shame, as a woman I feel let down, even if this is somewhat unfair, id just expect and hope that in a world where women hold such disproportionate global wealth and power to men that there would be more humanity from a woman to want to do better and make a difference. I think its also a safe assumption that someone championing the call for a drop to minimum wages isnt too concerned of much outside of her own bank account. I really feel this woman is a thief frankly. How can one person really be allowed to take so much from what belongs to all of us? She seems a mean cold lady sadly. Just count 5 seconds and Gina has profited personally to the tune of $500,000 in that time alone. So much opportunity to make areal difference to the lives of the worlds truly unfortunate, yet the cause she seems most passionate about is how to further minimise and take from the least fortunate.
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Excellent article, Out of sheer curiosity (and desire to be able to find some redeemable feature in Gina) I once google searched for any information I could glean on Ginas charitable contributions after learning that she earns the national average yearly wage every single second. Its tough to find anything (and I agree a local sports oval certainly doesnt cut it at her level. This woman takes the countries resources and profits on them when they rightfully belong to every Australian), I think its a safe assumption that if she hoards her immense wealth from even her own children she is unlikely to be too benevolently inspired to help out the less fortunate outside of her immediate family – a shame, as a woman I feel let down, even if this is somewhat unfair, id just expect and hope that in a world where women hold such disproportionate global wealth and power to men that there would be more humanity from a woman to want to do better and make a difference. I think its also a safe assumption that someone championing the call for a drop to minimum wages isnt too concerned of much outside of her own bank account. I really feel this woman is a thief frankly. How can one person really be allowed to take so much from what belongs to all of us? She seems a mean cold lady sadly. Just count 5 seconds and Gina has profited personally to the tune of $500,000 in that time alone. So much opportunity to make areal difference to the lives of the worlds truly unfortunate, yet the cause she seems most passionate about is how to further minimise and take from the least fortunate.
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Excellent article, Out of sheer curiosity (and desire to be able to find some redeemable feature in Gina) I once googled searched for any information I could glean on Ginas charitable contributions after learning that she earns the national average yearly wage every single second. Its tough to find anything (and I agree a local sports oval certainly doesn’t cut it at her level. This woman takes the countries resources and profits on them when they rightfully belong to every Australian), I think its a safe assumption that if she hoards her immense wealth from even her own children she is unlikely to be too benevolently inspired to help out the less fortunate outside of her immediate family – a shame, as a woman I feel let down, even if this is somewhat unfair, id just expect and hope that in a world where women hold such disproportionate global wealth and power to men that there would be more humanity from a woman to want to do better and make a difference. I think its also a safe assumption that someone championing the call for a drop to minimum wages isnt too concerned of much outside of her own bank account. I really feel this woman is a thief frankly. How can one person really be allowed to take so much from what belongs to all of us? She seems a mean cold lady sadly. Just count 5 seconds and Gina has profited personally to the tune of $500,000 in that time alone. So much opportunity to make areal difference to the lives of the worlds truly unfortunate, yet the cause she seems most passionate about is how to further minimise and take from the least fortunate.
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Gee, she has been rather selective in her reporting from the WEF Global Competitiveness Report 2011-2012. Seems she has missed ALL of the good news to concentrate on the areas of concern for her:
‘With an unchanged score, Australia drops four spots to 20th place as other countries move ahead. Among the country’s most notable advantages are its efficient financial system (6th), supported by a banking sector that counts among the most stable and sound in the world, ranked 4th. Also noteworthy is its very good—and improving—performance in education: Australia ranks 11th in both the health and primary education subpillar and the higher education and training pillar. Australia’s macroeconomic situation is satisfactory in the current context (26th), especially when considering the difficulties many other economies face in this area. Despite repeated budget deficits in recent years, its government debt, at 22.3 percent of GDP, is the second lowest among the advanced economies behind Luxembourg. Finally, Australia’s public and private institutions are transparent and efficient, ranked 17th and 8th, respectively, and physical security is assured (19th), although business leaders continue to be concerned about the burden of government regulation (75th). On a less positive note, Australia still lags behind the top performers of the GCI when it comes to innovation (22nd) and business sophistication (29th), two critical drivers of competitiveness for advanced economies. Finally, because of intensifying trade in commodities, the country’s transport infrastructure, particularly seaports, has been increasingly strained in recent years and it lags behind the world’s best.’
Disingenuous, and self-interested.
And disproportionately greedy.
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Love her or hate her….Gina Rinehart did not advocate lowering the Australian minimum wage to $2.00 a day.
She said that in some African countries people are prepared to work for as little as $2.00 a day. She went on to warn (those of us who were hearing) that this fact makes it difficult for western countries were workers are paid properly to remain competitive.
We know what Wayne Swan heard, and he deliberately ran with his version, spreading a falsehood.
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Gee Bradley unusual for you to be bagging a Labor politician. If it looks like a duck and walks like a duck it is a pretty good chance of being a duck. Why would Gina Rynehart even raise the $2.00 a day pay rate unless that was what she felt the rest of us should be happy to accept. The trouble with her suggestion is that I sure she would still want to make her billions.
It is a typical of the wealthy and powerful to want the rest of us to work for nothing but not them they want it all.
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Yeah….those people with money !
Can’t trust the rich unless they’re from the left !
Quack, quack !
We both know that Rinehart wasn’t advocating $2.00 a day for Australian workers. But don’t let the truth stand in the way of a great bit of spin.
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she was insinuating though, that Australians should work harder for less.
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She didn’t just insinuate she has called for a reduction in the minimum wage!
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I agree Bradley- she did not advocate lower wages. I am not a fan but I do think she like anyone else deserves to say their piece without her words being twisted out of context.
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Finally, a sensible comment.
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I’m forced to agree, that’s not what she was saying. She was saying that it’s hard to compete against cheap international labour.
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My point was that the reason she wants us to work for less is so that she continues to earn just as much if not more, when the wealthy accept less then they may have some justification for making these suggestions.
Its like the CEO’s of companies on Multi Million Dollar contracts wanting to reduce the wages of the rank and file, so that they can get a bigger bonus.
Where is the morality.
Yes there needs to be incentive for business owners to take risk it is just that there needs to be a balance and Gina’s view of the world is only we the balance is very much in her favour.
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That is absolutely incorrect. I accuse you of spreading Swan’s spin. Let’s be honest, if Rinehart walked across the road you would have Wayne Swan spewing venom about the evil, rich lady crossing the road.
Have you noticed that he never attacks the wealthy lefties. Wealthy righties are fair game. Only the left can be trusted with money, you know.
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Bradley, I reckon that’s pretty much par for the course.
Why would you alienate a voter from your side of politics? Who may be a donor to your party?
Swan has gone on the attack in the media as a reaction to the mining companies engaging in their own spin against the mining and carbon taxes.
It looked like pure tit for tat to me.
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The fact is that people in Africa are not prepared to work for $2 dollars a day, they are forced to work for $2 a day because that is all that is on offer. Please do not let us forget that race is an issue here as well, I do not think there are a lot of white Africans working for $2 a day.
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I hope she is reading these comments other women have made about her body…
And laughing, whilst sipping on an cocktail.
Be against her ideas, be against her.. But leave her body out of it. No need to sink so low when this article isn’t about her looks.
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Yes, agree! (If she were a man….)
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Actually packer was regularly ridiculed for his looks. Its not her visual that is ugly it’s her gluttony that people find offensive and it this case he wears it!
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I said the same thing on Facebook a few weeks ago. This much wealth could go towards many great things, but alas it seems to be stored away like one gigantic trophy. Insert LOR vision “My precious, my precious”.
Here is some of what i’d do if I had just one of her $billions
1) Buy thousands of acres in Sumatra for the Orangutan population (those poor little buggers don’t have much time left due to Palm Oil)
2) Give $25Million to Sea Shepherd conservation to keep saving Whales and Dolphins from the evil clutches of Japan.
3) Build several orphanages in Africa.
4) Buy one or two Australian farms which would otherwise go into foreign hands.
5) Donate to Steve Irwin’s charity for wildlife conservation
6) Donate to Jane McGrath foundation for Breast Care Nurses
7) Build and Indigenous school of Arts in NT for troubled youth
Anyway, I don’t have a $Billion but that doesn’t stop me from regularly donating to my preferred charities and planning on doing two of these things on my list anyway.
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all of these things sound brilliant! i wish more rich people thought like that
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8) Put some of her billions into finding ways to STOP FEMALE GENITAL MUTILATION EVERYWHERE!? Instead of being reviled, mocked and hated, she would be up for sainthood…
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Read an article after this video made its first appearance that said that the Broome Pearls around her neck are worth upwards of $200K. And I think there is a diamond ‘bow’ around her neck also. How sweet!
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I know we shouldn’t make comments about a womans’ appearance, so I’ll just make the observation that those pearls are EXACTLY like the ones in The Muppets’ Miss Piggy costume. Just sayin’
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That was painful, I couldn’t keep watching. All that stuck with me was her saying ” a greedy few”.
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What a great article. When Gina openly criticises the lifestyle and work ethics of Australians she has never met, journalists and the public certainly have the right to do the same about her. Kate’s “attacks”, however, were far more poignant and eloquent than Gina’s.
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Good on you Kate for writing such a kick ass piece and you pretty much summed up what I’ve been thinking for weeks. I am trying not to dislike Gina Rinehart out of jealousy or envy for her privilege and her wealth…I have also tried to really find out just what it is about her that turns me right off. But you know, it’s her. She could do so so so so much GOOD and yet she doesn’t.
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Agreed… She ain’t no bill and Belinda …. She can’t even share with her own kids
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Im no fan of Gina Rinehart but there are a lot of incorrect facts in this article.
Shabby journalism.
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And not a scrap of humanity….. You left that out!
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As my wonderful nana would say, this woman has more dollars than sense.
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Isn’t her father’s name Lang Hancock???
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Yes, his name was Langley. There were a few very basic factual errors in this article that have been pointed out by commenters.
Anyway, I loved this article and felt the writer articulated some very good points.
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Actually they only refered to her father as Hancock his first name was absent as Hancock was what people called him. John Hancock noted in the article is gina’s son he legally changed his name to Hancock. So no, no error to that kind in the article….. Read again….
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Something I’ve just realised…
Further down in the comments I responded to someone with (in part) this:
“Much like KMart and JayJays do when they buy in those shirts from China that they can then onsell for $10.
They’d never be able to do that with Australian-made and sourced because of the costs.
Australia-made is a better quality and does support the local economy BUT everyone, every day,makes the choice to buy items from countries that do pay their workers $2/day.
How about before attacking someone who creates thousands of jobs every year INSTEAD of investing all of her money overseas in cheaper markets with higher returns we start looking at ourselves in the mirror as examples of what she’s talking about.”
Having now jumped from the iPad to the PC, I can now see that Mamamia’s front page has two banner ads running down the side for… you guessed it – $15 skinny jeans from K-Mart.
So – using Mamamia as an example only because it is exactly what we are all physically looking at RIGHT NOW – can someone explain to me how it is okay to sit here arguing about Gina Rhinehart pointing out the fact that Australia is competing on a GLOBAL level to export our resources and demanding higher prices for said resources while paying our workforce some of the highest wages in the world? Especially when we are COMPETING with countries that only pay their workers $2/day.
Now take another look at those skinny jeans. Some are quite pretty eh? Well, they are made in China. K-Mart probably only pays around $2 per pair for them (I’m guessing). How much of that $2 do you think goes to the workers in China? I’m betting it’s NOT $2 per pair made.
Now imagine that those jeans were made in Australia. Our average wage is in excess of 3000% of the average Asian sweat-shop worker.
So… who wants to pay say…. $150 for a pair of the EXACT same jeans JUST because they are made in Australia.
Oh – we do? REALLY?
Because if the average Australian WANTED to pay $150 for a pair of jeans as a “cheap” minimum, we already would. Instead we spend millions of dollars every year on imported goods that we could very easily make and source here if we were willing to pay the price that the Australian workforce demand.
Instead, we are sitting here complaining about someone who has made a very astute economic observation based on freely available worldwide information on a site that is currently receiving an advertising income from products made by workers who are probably only paid $2 per day.
Pot meet kettle.
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$150 jeans are already available and they too tend to be made in sweatshops in China. They’re just different ones to the ones making Kmart jeans. Not that I tend not to buy $150 jeans, but I do look at labels on clothes I buy and it’s amazing how few are not made in China. What do we do when there’s really no choice?
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Nudie Jeans make great fair trade Jeans – they are a little pricey but good jeans last a long time. They are also made from organic cotton (helping to protect the health of developing country agricultural workers and environment).
I don’t have a great deal of money but at the moment in the morning when I slip into my fair trade work clothes (usually Cue) – I like to think I’m helping avoid another Karachi garment death trap where nearly 300 people have burnt to death.
http://www.bbc.co.uk/news/world-asia-19577450
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Organic cotton actually increases mosquitoes and cases of malaria, which in turn causes the death of children in those areas. I refuse to buy organic cotton for my family for that very reason. http://www.time.com/time/specials/packages/article/0,28804,1995199_1995197_1995176,00.html
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Except you have missed a vital point… She is. Billionaire and the average Australian battles! Kmart have managed to reduce prices in their stores BUT ensure the welfare of those who are employed to produce the product, right down to their living conditions!
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Who cares if she’s a billionaire? Who cares if people do or don’t like her? I have met her and I don’t like heron a personal level but that doesn’t distract me from the original topic in discussion.
What she’s ACTUALLY saying is correct on a global level.
Do you really think that China, who buy our iron-ore really give two hoots that those mining workers are paid in excess of $100k+ per annum? Do you think they really care that so many more Australians are able to afford an average house that is in excess of 200sqm? And yes – Australia come in as having the second largest average house size in the WORLD!
Do you really think that her having a few billion changes the fact that we as a country are already choosing to spend OUR dollars in countries that pay $2 per day while our workers are demanding TWENTY TIMES THAT PER HOUR to dig the ore out of the ground thereby asking that same country to pay us more than triple what it would cost to mine the same ore in Brazil (where there are equally large veins) or in Africa (where there are even larger veins) ?
Forget who she is. Forget what she looks like. Forget that she has more money than the rest of us battlers put together.
Focus on what she’s actually SAYING.
Because as much as I don’t like the woman on a personal scale, she is right.
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What she s actually saying is full of shite! The problem with the world is people like her, she is the reason for poverty and the poor global economy because she would rather wear 200k in pearls and pay 2bucks a day for labor. What you fail o understand is she is getting richer by the second On OUR RESOURCES , yes ours yours mine all Australians. She owns mining RIGHTS and the infrastructure to retrieve it from the land not he minerals themselves. Yet hen Rudd tried to get a fairer share for all of us she and her kind spent millions on scare campaigns. Which the ustralian public lapped up. And FYI in African the do get paid poorly in mining but it’s a far cry from the 2 bucks she is suggesting! And how exactly do you think reducing minimum wage will help our economy?how o you think the introduction of 2000 overseas workers will help the 900 Aussies sacked this week from coal production?
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One more thing are you actually aware of the rates of death in the countries you have mentioned in mining due to utterly appalling safety standards. OR THE FACT THAT AUSTRALIANS MINERS OVERSEE THESE WORKERS AND ARE PAID TRIPLE WHAT THEY EARN HERE? do you want the safety of our miners to be put as risk? I suggest you actually learn something about mining before support what this woman says
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Also pleased be advised that you may want to do research in regards to her mining interests which are not solely Australian based and the fact that she is importing foreign workers because she states she can’t find the workers here…well she may be please to know that 900 workers were sacked this week from Australian coal projects….. Do you think she will employ them OR HER CHEAP IMPORTS? Australian miners are regarded as the best in the world one of the reasons is safety and you can guarantee that safety standards in operation with large foreign staff will suffer. My husband is an expat in mining and has worked in many countries so I actually know what I’m talking about! Gina earns just under 600 a second and can’t even give her own children their rightful share…..pleeeeeeeease save your concern and please be aware that Gina has no interest in anyone but Gina and her empire building!
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Despite what the media loves to go on about, it’s actually hard to get a job in the industry, even for people that have relevant qualifications, just no experience…..
I wonder how easy it is to be employed from overseas.
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Faybian it is very difficult to get a start in mining for many reasons one of which is that people outside of us don’t realise how difficult it is and it’s very expensive to train and induct someone who will only do one stint so it’s an industry governed by not what you know but who.
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Unfortunately aware of the cost to train and induct and the high turnover. It sure is a who you know industry, but atm, even knowing people in the industry has not helped us a bit. There are lay offs going around and we’ve been told that China currently has a stockpile of coal and so with lower commodity prices, doesn’t need as much off us.
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Coal is suffering….. So with the amount of skilled workers here why is the government allowing her to import workers
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How to get that ” mining experience ” they all insist on, is a mystery. Even when you’ve done all that is asked, including coal board certificates, medicals, training etc. You still can’t get a start.
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You need to become a friend of someone on a mine site, they will get you a start and once your in your in….provided you work HARD and follow camp rules
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That still hasn’t helped us. The people we know on mine sites have told us that knowing people isn’t going to do it anymore and there are lay offs. So who knows.
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She suggested we the model the African mining market and pay people $2 a day…. Did you miss that?
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She didnt suggest that at all.
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You and I must be listening to two very different videos because I heard her say that I Australia is COMPETING with these countries and that our government should be looking at better financial viabilities such as more infrastructure in the areas that produce the resources thereby lowering the costs to the companies mining the ore, in turn meaning that these companies can COMPETE with the countries that only pay workers $2/day.
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They do not get paid that a day in mining in Africa and when you have lived in mining compounds there and have a partner that works there come back to me with reality. Miners in Australia work hard for their money, they sacrifices time with their family to provide for them, they work 12 hour days… Did you know that? I bet not ! All people hear are the figures that miners get paid they don’t actually look at what they do to make that money. They are also considered the most skilled in he world that’s why Australians were called in to help rescue those in Chilli. What she Is saying is she wants to have a greater profit margin whilst decreasing the wage of those who actually work to make that achievable.
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So she makes millions and wants the government to place infrastructure into isolated areas, using our money, that will be used as long as the resource lasts then become a ghost town because there is no longer a viable industry or employment as opposed to her paying for camp infrastructure, transport and amenities so she can increase from just under 600 a second to 600 plus a second……..yep makes sense….NOT! You really do not understand mining.
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Gina fails to acknowledge that it is the profitability of her company that has driven the Aussie dollar up, and caused a lot of the issues of international competition (in terms of expense of workforce) that she has raised.
She’s sitting on a big pile of clams and complaining about how high it’ll be to make that pile higher. Mineral Resources tax – this stuff only comes out of the ground once.
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This may sound completely trivial, but I believe it to be a completely relevant question. Why do people always show photo’s of Ms. Rinehart shot upwards? It is obviously an incredibly unflattering angle for ANY WOMAN let alone someone who is larger. I think it is cruel. And I am disappointed this website chose the photo it did for the second photo on this post.
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That angle is usually used with powerful people
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The woman oesnt have a good angle so don’t blame the Ed
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I can’t say anything printable about this despicable excuse for a human being. Well I can, but only tongue in cheek, and encrypted: Sirius Cybernetics Corporation… Encyclopedia Galactica. Fans of Douglas Adams will be able to work it out. ; )
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Couldnt. Agree. More.
Rinehart has the opportunity to do and contribute so much, but it’s squandered by her narcissistic obsession with money and power. The sadness is not that her daughter lives on $60,000, it’s that this is her mother.
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Why is it sad that her daughter lives on $60, 000 a year? If she wants to get more she can go out and work. I think it’s sad that she gets this amount of money for nothing!!
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Ah, but she has a hidden talent for poetry that must be shared. And no, this isn’t a joke – google Gina Rinehart poem. Sums up how batsh*t crazy the woman is.
Our Future
The globe is sadly groaning with debt, poverty and strife
And billions now are pleading to enjoy a better life
Their hope lies with resources buried deep within the earth
And the enterprise and capital which give each project worth
Is our future threatened with massive debts run up by political hacks
Who dig themselves out by unleashing rampant tax
The end result is sending Australian investment, growth and jobs offshore
This type of direction is harmful to our core
Some envious unthinking people have been conned
To think prosperity is created by waving a magic wand
Through such unfortunate ignorance, too much abuse is hurled
Against miners, workers and related industries who strive to build the world
Develop North Australia, embrace multiculturalism and welcome short term foreign workers to our shores
To benefit from the export of our minerals and ores
The world’s poor need our resources: do not leave them to their fate
Our nation needs special economic zones and wiser government, before it is too late.
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Oh. My. God
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there is no denying it now! she is loopy!!
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Brilliant piece Kate. So restrained. I find it hard to think about Gina without getting a bit worked up. I know people don’t get rich by giving money away, but when I compare Australia’s mega rich to America’s, I see we are sorely lacking in the philanthropy stakes. (Dick Smith has written much about the comparison which is an interesting google if you’re interested.)
Imagine if Gina took a leaf out of Bill and Melinda Gate’s book.
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I’m not a fan of Gina Rinehart but I wish that you would check the facts of this article regarding the reference to Hope Rinehart and her living on $60,000 a year. I think this may have been taken out of context, here are extracts from the emails that were presented in the court case written by Hope:
“I should have enough money to have a bodyguard, housekeeper and cook. Even my friends who have nothing compared to your wealth have more staff. It’s not fair you are selfishly pressuring me to move to Singapore and Australia just because you hate America.”
In another email, Hope sent Mrs Rinehart a birthday wish list which included a “cook so you can be sure (her daughter) April is fed right, bodyguard so the kids are safe and a housekeeper that is good (with) kids so if I need to go out I can.”
Ms Rinehart Welker said the cook could receive a salary of up to $225,000
“I would buy them myself but I’m down to my last $60,000 and you’re only paying my husband $1 a year.”
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Gina’s father’s name is also reported incorrectly. His name was Lang Hancock, not John. It makes me feel old to realise this is not a commonly known fact now. He featured in the news a great deal during his marriage to Rose, a media/celebrity hungry woman.
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Who bathed in milk lol
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The article does not incorrectly name Gina’s father.
It correctly calls him Lang (Langley) and refers to his grandson, John Hancock, as one of the beneficiaries of the trust fund Lang set up for his grandchildren.
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Hi maisy
Read the article again they only refered to get dad as Hancock. John Hancock is gina’s son he legally changed his last name to Hancock before the dispute with his mother began. It clearly states John is her son.
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Actually, it looks like someone has corrected the mistake and edited the article because when I first read it yesterday it did name her father as John, we are not making that up! Also I find it a bit of a stretch for the author to say “international media” called Gina the world’s biggest troll. It was one media piece, in the Atlantic Wire, that called her a troll yet the implication is it that is is a common term for her in the media! I’m sorry but this is sloppy journalism and I also think if you edit an article on here it should be acknowledged otherwise it gets confusing in the comment section
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I am almost certain this woman has no compassion from other people. From the way she treats her own kids (even if they are brats), to the way she does not recognise, nor financially support, her own half sister (and illegitimate child of Lang Hancock who arguably has rights towards the money but lives as a pensioner in WA), to the comments she makes to the wider public. Definitely not someone I’ll be encouraging my daughters to look up to as a successful female.
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Erm.. I think you’ll find her father’s name was Lang Hancock, not John …
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Guess what? We could all actually do some good. If we wanted to. Why does Gina need to do more good than the rest of us, does being rich and successful mean that you are required to do something good for society? Where is that written?
Yes she has family issues, yes she’s a little out of touch with some of us. And yes, none of it is any of our business. She’s not a pollie getting paid by our tax dollars, or an actor who’s earnings are based on how well known she is. She’s the head of a privately owned company. Privately Owned.
This seems like nothing but a “hate” article to me, against what I thought Mamamia stood for. Not Fonzie cool folks.
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Yeah, that might have some merit if she wasn’t then expecting those at the bottom of the rung to work for $2 per day. When you have $16 billion, and growing, but for some reason god only knows, want to make more by crushing those with the least, people will start asking questions. Perhaps it’s not about expecting her to “do something good for society”, but at least not do harm to our wonderful country.
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I don’t believe she was asking people to work for $2 a day. After all the market dictates what a person will get paid, I believe the comment was a poorly worded dig at non market related increases – eg carbon and mining taxes.
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Exactly… What she’s saying for example is why would China, who we rely on to buy our ore pay so much here when Africa and South America (with identical ore-lines) can sell it to them at a much lower price BECAUSE they pay their workers less and BECAUSE their governments have less regulations that enable a higher turnover and competitiveness with the WORLD market.
This boom won’t last forever and she’s right that Australia is becoming greedy. We ARE slipping further down the world’s economic list when it comes to viability.
Instead of demanding increasingly higher prices for our resources when they are available elsewhere at a fraction of the cost we SHOULD be looking at competing on a GLOBAL scale.
Much like KMart and JayJays do when they buy in those shirts from China that they can then onsell for $10.
They’d never be able to do that with Australian-made and sourced because of the costs.
Australia-made is a better quality and does support the local economy BUT everyone, every day,makes the choice to buy items from countries that do pay their workers $2/day.
How about before attacking someone who creates thousands of jobs every year INSTEAD of investing all of her money overseas in cheaper markets with higher returns we start looking at ourselves in the mirror as examples of what she’s talking about.
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Sorry, in Australia the market doesn’t dictate what people get paid – we have a regulated living minimum wage! Much to the $16 billion woman’s horror! Her argument is pure self-interest, it has ZERO to do with protecting the interests of Australia – thus deserves the ridicule it has received. I think i’ll trust the experts and not the narcissists thanks.
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Nope, I’m not buying that line. If you really think someone with THAT much money has no moral responsibility to anyone other than themselves, because it’s not ‘written’ anywhere, then all I can say is that I’m glad you’re not running the joint. Are these people part of society or aren’t they?
16 Billion dollars is more than the GDP of over 30 individual countries in Africa! Why should one individual with such immense wealth be absolved from a sense of responsibility to mankind just because her company is ‘privately owned’?
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Ever heard of “noblesse oblige”? You probably have, but just on the off chance…it means the rich and powerful have an obligation to help improve the lot of the poor and powerless.
Anyway, what makes you think people don’t do good in their own way?
Yes, she is the head of a privately owned company, making money from resources that are in the ground. I’m sure she’s bought the land, but apparently you don’t own what’s under it after a certain depth, so the resources belong to the people of Australia. I know she employs Australians, but also employs people brought out here on temporary visas. Why?
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Anyone who has every had to manage the temp working visa process for a business would know what a pain it is. I would suggest that it is because Australians dont want to work there…and people on visas need to be paid the same as everyone else.
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Really? How about it’s incredibly hard to get a foot in the door? Yes FIFO isn’t for a lot of people, but you can still get people to do it. I would imagine no one likes the temporary visas, I’ve seen how they affect the people living here on them.
I notice you didn’t address the noblesse oblige….
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Aaahhhhh no your wrong! Contracts are used in mining, individual contracts and most don’t know what the other is on. These workers will be paid far less
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Meh, you can keep your riches, Gina. I hope it helps you buy all the shiny things you’ve ever wanted.
Advising Australians to do less socialising if they want to be successful pretty much highlights your mindset.
I’ll take my hours chatting with friends and a functional relationship with my babies any day, even if it means I won’t die a billionaire.
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