Where the suckers are

Writing in Saturday’s AFR, Tony Boyd notes that when they were asked, Macquarie Group employees offered the following 3 areas where the “best money making opportunities” are – renewables, infrastructure and technology.  Money making for Macquarie that is.

Renewables, infrastructure and technology.  Hmmm.  Boyd also writes:

All three words come into play when you think about the enormous financing requirements that go with governments making commitments to cutting national carbon production and hitting renewable energy targets.

There you go.  The executives of the millionaires factory know where to go to make their millions ….. government.

Speaking only for Spartacus, I am fully confident that Australian governments will protect the financial interests of all taxpayers.  Thus has it always been, and thus shall it ever be

Good thing that the current and former CEOs of the Clean Energy Finance Corporation are former Macquarie Executive Directors.

Follow I Am Spartacus on Twitter at @Ey_am_Spartacus

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14 Responses to Where the suckers are

  1. Helen

    current and former CEOs of the Clean Energy Finance Corporation are former Macquarie Executive Directors.

    With lots of Macquarie shares in their wives names, no doubt.

  2. Confused Old Misfit

    To misquote the “Sage of Omaha” : “The only reason to invest in wind farms is for the tax credit.”
    How in the name of all that is good and Holy did we come to be encumbered with the idiots that are in government? How, Oh Lord! have we sinned?

  3. Baldrick

    3 areas where the “best money making opportunities” are – renewables, infrastructure and technology

    It must be sheer coincidence that in Australia all three areas are heavily subsided by the taxpayers dollar.

  4. H B Bear

    Macquarie have been bending over governments (read taxpayers) for decades. It is their primary business model.

  5. RobK

    As per Roger:
    Drain the swamp.

  6. OneWorldGovernment

    Most business in Australia operates under ‘Government’ license.

    Always has, always will.

  7. Dr Faustus

    It must be sheer coincidence that in Australia all three areas are heavily subsided by the taxpayers dollar.

    It’s a global model – particularly wrt renewables. I can be told differently, but as far as I am aware, there has been no significant investment in renewable energy anywhere, ever, that has not depended on government support. Some (think hydro) may eventually luck a social capital return – most (think everything done in Europe over the past 30 years) haemorrhage value through subsidies.

  8. Warty

    I can visualise a Spartacus writing this article, his right cheek, perhaps his left, with its tongue-impressed bulge unmistakably visible to the naked eye. I know Roger Scruton is a promoter of ridicule as the best way of countering the progressives in our midst.
    Some might argue that Turnbull keeps on attempting to give the publicly acceptable press release on this whole citizenship issue, because he has been rattled by all the ridicule he has been receiving of late, despite never having had more fun in his life, when he visited Israel. Unfortunately, his refusal to take the bit between his teeth, regarding the audit suggestion is leading to yet more ridicule.
    So when the sun doesn’t shine and the wind doesn’t blow and the council tips refuse to take the lithium batteries (their ten year life-span having expired) we’ll snigger just a bit as we reflect on our confirmed status as the white trash of Asia.

  9. struth

    Ah….the taxpayer.
    The forced customer of an unwanted product.
    An attractive scenario for many a parasite.

  10. Amadeus

    Ditto to all the above. Unfortunately, the swamp expands relentlessly and the crocodiles, leeches and parasites increase exponentially. Meanwhile, the taxpayer base continues to shrink, government revenues shrink in real terms and Crown debt surges towards the stratosphere.
    And which geniuses do we have to turn to maybe reverse this slide into the big black hole? I’m still looking but wading through the swamp is really, really tough going.

  11. alan sivkoff

    allways follow the money trail. Unfortunately the dearth of real investigative journalism and obvious media bias will ensure that the majority of the voting public will never be able to learn the real truth of the AGW scam.

  12. Kneel

    “Detonate the swamp”

    Boil it, perhaps?

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