"Perhaps we are getting to the hub of the problem with this govt (and all previous labor govts). Give them enough time in power and the whole economy is destined to fail. " ok lets start with some basics savings usually go into investments taxes reduce savings the government thinks it can use our savings better than we can If we put our money into an investment and it goes belly up we lose our savings If the government taxes us not only do they steal our savings but if the money is spent on a project that doesn't work the taxes are blown. By blowing our money on an illconcieved project such as pinkbatts and perhaps the NBN the government is blowing our savings.
by no doing a cost benefit analysis, the government is basically investing blind. It is like somebody who invests in stocks buying shares without doing any research. Is it any wonder that government planning is an inefficient way of using resources when the government won't even do the appropriate amount of research. abbott is right this NBN is going to be like pink batts on steroids.
