I have always been fascinated with the mental picture of rodent lemmings, following each other over a cliff, in a deliberate act of suicide. I had it ‘pinned’ in my mind as a visual joke – a non reality, something that would not happen etc. I checked Wiki and apparently the lemming mass suicide is not factual. Pity, Canberra would be better off if they did 🙂 see below!
Then I came across an article at Menzies House today that put it all in perspective – with a particular reference to politicians who follow the party line unequivically! See if you agree with the comparison like I do. JustMEinT
Only last week Prime Minister Julia Gillard said there was no better time to introduce a carbon (dioxide) tax than now.
Only someone with their head stuck where the sun don’t shine would push on regardless of worsening economic conditions.
The only business certainties are that our major competitors aren’t doing jack, prices here will skyrocket, and companies will close down or move offshore and everyday Australians will lose their jobs.
This tax is the biggest own goal this country has every kicked.
What is the price the people of Australia have to pay so Julia Gillard and Bob Brown can occupy the moral high ground? How about a cost to our economy of a staggering $1 trillion by 2050!
Let’s not worry about the trillions in total public and private debt owed by the top 15 countries, let alone the massive public debt of most countries as this Government will press on regardless.
Never mind that the world’s largest economy is at risk of slipping into another recession.
Some economists say the risk of a global recession is greater than 50 per-cent, but don’t worry, we’ll press ahead regardless, after all, we have Wayne Swan at the helm – what could possibly go wrong?
And should things turn to dog poo, you can kiss goodbye the government’s pledge to return the budget to surplus by 2012-13. Actually, you won’t give a stuff as you’ll be too worried about keeping the lights on and food on the table for your family.
It’s one thing to have to battle external factors beyond your control hitting our economy, but to actually go out of your way to self-inflict harm to your own economy with a tax designed to put the price of everything up is just mind-boggling.
And what for? If the very point of Australia’s carbon tax is to reduce global warming. How much will reducing 5% of Australia’s around 1.5% contribution of global CO2 emissions reduce global temperature by?
The answer: Nothing. It’s an exercise in futility and economic self-harm.
Update 1: Germany’s economy, Europe’s largest, expanded 0.1 percent from the first quarter, while growth in the euro area was a less-than-forecast 0.2 percent, reports showed today, adding to concern nations will struggle to curb budget deficits. French President Nicolas Sarkozy and German Chancellor Angela Merkel are set to meet today amid investor calls for policy makers to do more to tackle the region’s debt crisis.