Alan Moran has a piece on The Drum the ABC website. I do happen to agree with Alan’s points; they seem almost hardly worth saying since they should be so obvious. How controversial is any of this which is his concluding paragraph:
Australia has the highest levels of natural wealth per capita in the world. This can be translated into achieving the world’s highest living standards. We were progressing towards this until the process was halted by government intervention and impositions on business that were introduced or foreshadowed over the past three years. We can restore the process by recommitting to a reform program that involves taking measures to enhance rather than retard productivity growth.
Well, I don’t really draw you attention to the article itself, but reading the comments that follow afterwards is an education in itself. There are so many amongst these to choose from, but I think this was my favourite:
“No coal-fired power stations can pass an investment test while the threat of a tax on their emissions is an ever-present risk to their future profitability”
Er, i think that is kind of the point.
And following that, I cannot think of a single thing to say.