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Labor bequeaths us climate careerism : Comments
By Ian Plimer, published 25/5/2012Labor's climate policy leads to unemployment, higher electricity, food and fuel costs and the loss of long-term capital investment in Australia, as well as the loss of the ALP voting heartland.
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Posted by Bazz, Monday, 28 May 2012 1:18:00 PM
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Here is a thought for you all.
The Uppsala study has shown that the lowest of the three projections
of the IPCC is too high and that the available CO2 generation is much
lower than the lowest IPCC prediction.
Here is another thought for the economics conversant of you all.
GDP is shown as related to the total increase in economic activity.
When the CO2 tax comes into being, will it be added to the GDP
calculation as an increase in productivity ?
Are all government turnover, taxes etc part of the numbers going into
the GDP calculations ?
Assuming taxes increase GDP.
How do taxes increase GDP, considering the overheads involved.
Assuming taxes decrease GDP.
My question is, will the CO2 tax increase GDP or decrease it ?
As world GDP is very low and falling due to increased energy costs
will CO2 taxes push us into contraction ?
My reason for posing these questions is that I suspect that because
our GDP is so low, in common with most countries, the CO2 tax could
push our GDP down below zero percent into negative levels.