The future cost of Australia’s Carbon Tax revealed in Treasury modelling

Great article by Terry McCrann – by my calculations in 2020 we will be paying ~$117 per head to buy emission permits from overseas – as Terry McCrann points out – these could be from “Nigerian scam” operators.
By 2050 the Treasury modelling suggests we could be paying $2280 per head. Surely the Gillard Govt will not be able to sustain this huge confidence trick on the Australian electorate.
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Is there any way out for Labor as the Gillard vs Rudd brawl rolls on ? We need an Australian Federal election NOW

This post will grow – but I wanted to give readers a chance to comment now on the fast moving developments as the Gillard and Rudd forces tear one another apart. I noticed in Kev747’s speech from Washington Thursday morning – he did not mention the Carbon Tax.
This chart shows the decay in Rudd’s support in the first half of 2010 –

but note only to the 50-50 zone – what would Gillard give for those numbers. Then the Rudd removal on 23 June marked RS – the Federal election on 21 August is marked with an E.

This shows the preferred PM % since the 2010 election – the midline is 40% – intervals 5%.

The slow improving of Abbott must terrify GreenLabor.

Should the Australian Government be subsidising jobs ?

In recent weeks there has been much publicity about job losses in the banking sector and also the threatened aluminium smelter at Point Henry in Victoria which was only ever built there by ALCOA to take advantage of cheap power generated from the Gippsland brown coal deposits. There has also been much comment on Govt subsidies to the car industry – which I was surprised to learn cost $7,000 per vehicle – not to mention the union featherbedding which these Govt handouts seem to encourage. I would have thought that in the case of South Australia – where I think much of the car industry is – their expanding mining sector could easily replace the job losses.
My own view is that our taxes should not be propping up uncompetitive industries – let them shut down. I wondered what readers think.

Japanese raids on Darwin – understanding our history from 1942

I was amazed to hear our Governor General say in her speech at the 70th anniversary of the 19 Feb 1942 Japanese air raid on Darwin; that “Seventy years ago the tranquillity of Darwin was rocked. The unthinkable was happening: our nation was under enemy attack.
Unthinkable ? – what rot.
Japan had been invading China here and there under various pretexts since 1931 – Australia had been at war in Europe for over two years – the Japanese raid on Pearl Harbour had happened nearly two and a half months previous starting the Pacific phase of WWII seriously – since then the Japanese had been rampaging through SE Asia sweeping all before them – the Australian base at Rabaul was occupied by Japanese forces on 23 January 1942 – how could an attack on one of our Northern outposts be “unthinkable”.
What was “unthinkable” was the state of our defenses.

Australian national wealth eaten away by unpopularity of our GreenLabor Government

Chart replaced by this version with All Ords Index converted to a $US scale.
Thanks for that reminder Philip – I have this new chart from 2 Apr 2010 –

before the Rudd Govt intro of the first version mining tax on 3 May. The ASX fell after that – then Rudd was removed 24 June – then folowed the election 21 August – and the recovery in ASX sentiment can be seen after that with what I term the Gillard honeymoon lasting until debate about the carbon tax set in early last year. The carbon tax produced a negative sentiment and then maybe the recovery this year could be due to a growing realization that stresses within the GreenLabor Govt. means it may not run the full term.
I see today Treasury secretary Martin Parkinson at a Senate hearing has said; Australian consumers are too pessimistic about the future.
You have got that wrong Secretary Parkinson – it is the disgraceful Government that is affecting sentiment. We want an ELECTION NOW.