While many businesses are left wondering if Australia is going to left behind in the wake of Donald Trump’s second term as United States president, the country’s richest person, Gina Rinehart is ready and waiting to invest big in the U.S.
Rinehart, together with a handful of chief executives from her mining, oil and gas and agriculture business is in the U.S. to assess investment opportunities.
She expects to see outstanding investment opportunities under Trump’s presidency, underscored by his plans to cut bureaucracy, government tape and regulations.
“President Trump has started the greatest non-Left, non-woke movement sweeping the world. Hopefully Australia will not miss out. Like many others, we have already invested and are wanting to invest more billions in the U.S.,” she told The Australian via email from America.
“Being here you can understand what President Trump means to so many American people and what he will do for the USA,” said Rinehart, executive chairwoman of Hancock Prospecting.
Rinehart expressed hope that Australia can learn from the U.S. how to address the similar types of issues confronting it and urged business people to listen carefully and learn the reform journey the U.S. has embarked upon.
“I hope his entire speech is relayed in Australia, and many have the chance to hear it… government wastage, government policies not considering the actual interests of their countrymen, and consequent years of falling living standards,” she noted.
Rinehart also compared the speed and magnitude of pending U.S. reform under Trump with the Australia’s more convoluted approach to reform.
“No years of royal commissions to tell us the obvious. High government tape and regulations and tax are not conducive to investment, and are causing loss of investment, and hence, falling living standards,” she also noted.
Rinehart also urged Australia to follow manoeuvres by the U.S. Department of Government Efficiency (DOGE) that are being led by tech billionaire Elon Musk to dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies.
“We sure need a DOGE in Australia… even those that were timid RINOS (Republicans in name only) are getting their focus together, helping ensuring timely approvals, tax reform and the President’s mantra of ‘drill baby drill’ to support oil and gas production and reliable electricity.”
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