It is sense not sence. And you are talking neither.
There is no certainty with the Carbon Tax. It will come in at $23pt and go to $29pt. Then the floor price will kick in at $15. General opinion is it will immediately drop to that price. Then when the ETS is fully operational the price will drop to probably around $4-5pt.
Explain to me how a price drop of 80% or so provides certainty? Explain to me how that will encourage any company to spend billions to go to a non-carbon based energy supply?
No massive debt? An average deficit over the last four years of $43B per year! A net financial position going from - $17B to - $240B in just four years and we dont have a massive debt? Public debt to GDP from 1.7% to around 17% and you see no cause for concern? Ireland before bailing out its banks had a ration of just 25%. It is now 95%. Our private debt is one of the highest in the world.
We may have forecasted a surplus but even with all the trickery of front and end-loading to avoid expenses in the next financial year, and they total over $30B, we will not get a surplus.
- Forums
- Political Debate
- ken henry talking sense
ken henry talking sense, page-12
-
- There are more pages in this discussion • 60 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online