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Increasing cost of living, natural disasters and rising insurance costs : Comments
By John O'Donnell, published 2/2/2024Number 1 concern relates to inadequate natural disaster management and inadequate mitigation expenditure.
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Burying our collective heads somewhere warm and comfortable is not the answer!
What we need is a pool of public monies to pay for the damage caused by these extreme events, a levy we all contribute to in some way.
Say, by increasing the GST to 15%? And cheaper than insurance charges!
Apart from that, the world needs to transition to carbon free nuclear energy ASAP. And revegetate our arid landscapes as if the survival of the world and the human species depended on it, because it does!
Those of us welded to coal, gas and oil. Need to be removed from public office. And that is currently the Australian labor party.
We should make and export green hydrogen instead! And in time, raw electrical energy via undersea cables.
Then and only then, will we become an energy exporting superpower to rival the middle east!
Why, some conservative thinkers are more environmentally responsible than our labor party!
Transitioning to nuclear energy (MSR thorium) will more than hugely offset the proposed lift in the GST! And kill/reverse inflation, dead in its tracks!
Multiples of small thorium reactors can be plugged in to current power stations, to use current transmission lines, transformers etc, to reticulate power to consumers.
Apart from that, local energy co-ops could join the fray and create micro grid to compete with the corporate giants as energy reticulating suppliers.
Free and fair competition is the basis of best business practice and the cornerstone of progressive democracies the world over!
Alan B.