Analysis: Australia fiddles while Europe burns

Is Australia really an island when it comes to the economy? That’s a question with a potentially nasty answer as we fiddle with incomprehensible taxes and the rest of the world burns.


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could not agree more, well said Tim!

I have a rule that anyone who uses the words blind Freddy in an economic argument can instantly be assumed to have run out of ideas, or be running a political agenda. I don't think economic instability is a good argument against reform, the opposite is true actually. Giving tax cuts to small business is not social welfare.

I don't see how anyone can argue that "carbon tax will ... make no difference to global carbon pollution or alleviate in any way potential climate change". This seems like saying that taxes on cigarettes will not stop anyone from smoking. Sure, not everyone will change their behaviour if energy derived from less clean sources increases in price, but some will, so there will be some reduction in carbon pollution. I agree that the money gained from the tax could be better spent than just being redistributed to taxpayers, but that is the way of our political system, and the "what's in it for me" mentality of most of the voting public is to blame for this.

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