Should the Australian Government be subsidising jobs ?
February 20th, 2012 by Warwick HughesIn 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.
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