Originally Posted by
Bjauck
Good point about the extra tax.
What is the "social licence"? As the PM raises it, how is it defined and does it change over the years? Do all public companies have to operate according to an uncodified "social licence"? In periods yielding good profits, extra "socially good" actions must be performed. In periods of average or poor results, shareholders suck it up.
Meanwhile, the government can cream off the tax arising from the inflation effect in interest earned on bank deposits. Inflation that its policies have helped create and inflation baked into its remit to the Reserve Bank.