Tuesday, September 9, 2008

ETS: Anyone got $150 a week to spare?



Well, it's a fair price to send Uncle Helen off to the United Nations isn't it?
A few stories are out today concerning Liarbour's beloved Emissions Taxation Scam, which is set to be passed tomorrow.
The Dominion-Post today notes the cost to the public.
The scheme will cost households about $3000 a year by 2025, according to a report by the Institute of Economic Research.
Day-to-day costs such as power bills, petrol, disposing of rubbish, and buying milk are all set to rise under the scheme.
There could also be big job losses and a drop in wages of about $90 a week. Businesses say they are facing huge costs as a result of the legislation.

Brian Fallow at the NZ Herald also offers a worthy analysis of the costs and hwo he sysem will operate.
And while Colin James offers some criticism over National flip-flopping over the issue, he also criticises Liarbour for not forging a consensus over the policy.
Either way, as the Hive notes, it is hard to truly jude the cost of the ETS beause no-one knows what the cost of carbon will be.



1 comment:

Anonymous said...

There could also be big job losses and a drop in wages of about $90 a week.

So, the scheme clearly does have some benefits in terms of the NZ economy: a much-needed correction in wages!