John Hewson repeats a silly talking point in his AFR column of last Friday (subscription required).
The other weakness of Rudd’s proposals was the excessive compensation to the big polluters.
Most of these have known this was coming for at least 20 to 25 years, and have been preparing for it, despite what they may claim publicly.
This is silly for, at least, two reasons. First in Lenore Taylor and David Uren’s Shitstorm (pg. 181) we read
[Penny Wong] said that in the previous months she had reached the conclusion the business executives filing through her office were not making ambit claims but were genuinely worried about the potential impact of the plan.
Second, as recently as seven months ago the government was telling us that proposals to tax carbon were not on the cards and allegations to the contrary were hysterical.