Posted by: graemebird | May 28, 2008

DUMB ECONOMISTS:Stupid Post By Quiggin.Wrong In Every Dimension/A BETTER SAUDI ARABIA

“Groan
By jquiggin | May 26, 2008
It’s taken six months, and there have been some near-misses along the way, but for me, the weekend announcement that the government will be reviewing the collection of GST on the full (excise-inclusive) price of petrol is the Rudd government’s inevitable first big policy failure.

I don’t know where to start on this. First, the objection that it’s “a tax on a tax” is just silly.

The effective burden of the GST falls, inevitably on inputs of primary factors (labour and natural resources including land). Since both are taxed, the entire GST is “a tax on a tax”.

(SO HE WANTS A TAX ON A TAX ON A TAX? WHY IS NOT WANTING AS MUCH OF THIS CASCADING A BAD OR “SILLY” THING?)

Politically, the government abandons the high ground….

(FOR QUIGGIN, THE IDEA OF YOU PAYING HUGE AMOUNTS FOR FUEL WHILE HE LIVES OFF YOUR TAXES IS THE MORAL HIGH GROUND)

….. it occupied on the issue, while not providing serious competition for the Libs on the low ground. It also undercuts Rudd’s correct statement only a few days ago that the government had done all it could on petrol prices.

THIS IS JUST LUDICROUS. WE HAVE HEAPS OF GAS AND COAL. WE ARE WELL PLACED TO CREATE OUT OF THOSE TWO INGREDIENTS MORE DIESEL-SUBSTITUTE (IE LIQUIFIED-COAL) THAN THE MIDDLE EAST EVER COULD. WE COULD BE A BETTER SAUDI ARABIA. WITHOUT THE KKK-SUITS AND THE OTHER SISSY-CLOBBER.

And environmentally, it’s a sign of impending disaster.

HERE QUIGGIN FAILS SCIENCE EVEN AFTER FAILING ECONOMICS AND ETHICS.

About the only consolation is that, like Nelson’s five cent excise cut, it will never happen. The idea is bound to be shot down in the review for the reasons I’ve mentioned.

DON’T BE AN IDIOT MAN. WHEN PEOPLE ARE CRYING OUT IN FINANCIAL PAIN THINGS CAN CHANGE PRETTY QUICKLY AND A LOT OF YOUR IDIOTIC IDEAS CAN BE QUICKLY DISCREDITED.

But there are plenty of other opportunities to cave in, and it looks as if this government is going to take them. The only remaining faint hope is that Rudd will pull those who’ve floated this stupid idea into line, at the cost of throwing away the advantages they held over a divided and confused opposition.

THINK ABOUT THIS MANS GOVERNMENT-SALARY, AND HIS 1 MILLION DOLLAR FELLOWSHIP, THE NEXT TIME YOU FILL YOUR TANK UP.

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Responses

  1. Goodness me. I thought you would all leap to the icons defense.

  2. […] ???Groan By jquiggin May 26, 2008 It??s taken six months, and there have been some near-misses alohttps://graemebird.wordpress.com/2008/05/28/dumb-economistsstupid-post-by-quigginwrong-in-every-respe…Boaters hit with high fuel prices too WBZ News Radio Boston?New Hampshire boaters are paying more […]


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