Friday, July 8, 2011
Black Hole in Carbon Compensation
Henry Ergas gives the lie to claims of permanent compensation to households because much of the money raised will go overseas on carbon credits , not including the billions to be spent abroad buying useless solar and wind generation hardware to keep the Greens happy. It is about time that the Coalition jumped off the AGW bandwagon so they can properly fight this tax. A simple change of keeping their existing policy but delaying any substantive action until the US and China come on board would work politically.