Hey. What Did I Miss?

Article excerpt

The Institute of Public Affairs' new Hey.. .What did I miss? is Australia's most widely read weekly email. Featuring the best from the web and the mainstream media in Australia and around the world, Hey... What did I miss? is essential reading.

If you're not one of the 20,000 subscribers, here's some of what IPA Executive Director John Roskam sent over the last few months.

Governance

Do we have any idea what we're doing?

November U1 2009

Kevin Rudd says his emissions trading scheme won't cost jobs. In a speech last week he claimed 'Treasury modelling' proved it.

But the federal Treasury Department has calculated the cost of the scheme on the assumption that every other country also has an ETS! Here it is, in black and white:

So what happens if Australia passes an ETS before the rest of the world? We don't know. And Kevin Rudd and Treasury don't know either.

ANU economist Alex Robson pointed this out at the IPA's climate change conference on Tuesday.

Australia's Low Pollution Future: The Economics of Climate Change Mitigation, Commonwealth of Australia, 2008

Global financial crisis

'Actually, I am a taxpayer. I will ask questions too.'

September 24, 2009

Today's media is full of Treasury boss Ken Henry saying the stimulus package saved Australia. But:

* he hasn't released any cost/benefit analysis

* we've dug out from Treasury's own data that within 3 years, interest on Federal Government debt will be $13.8 billion a year. So we'll be spending as much on interest in one year as the entire cost of the 'Education Revolution'.

ISo who's standing up for taxpayers? he IPA's Professor Sinclair Davidson said this to government senator Doug Cameron at Monday's parliamentary inquiry into the stimulus.

PROF. DAVIDSON: We have a constitution that actually has states that make decisions about these things. You do represent the states, don't you?

SENATOR CAMERON: I am here to ask the questions, not you.

PROF. DAVIDSON: Actually, I am a taxpayer. I will ask questions too.

SENATOR CAMERON: You will not ask me any questions. I will be asking the questions, thanks very much.

Tax cuts

A $8,200 tax cut instead of Rudd's stimulus spending

September 17, 2009

Instead of Kevin Rudd's stimulus spending what if he gave us all a tax cut? The IPA asked ANU economist Alex Robson to do the calculations. …