From the NBR Twitter:
Hide: Having John Boscawen as Deputy Leader will further elevate ACT’s campaign against the ETS
At first I was like who cares. Then I realised that there were two words missing, it should read:
Having John Boscawen as Deputy Leader will further elevate ACT’s (economically illiterate) campaign against the ETS
This concerns me a little more. Before yelling at me for daring to call a right wing party economically illiterate, the discussion of said issues is here and here. Now you can yell – if I’m honest it was a touch strong 😉
Fundamentally, the existence of the Kyoto agreement creates a liability from carbon production (a liability – not to be confused with the net liability position, like ACT has constantly), and as a result NZ set up an ETS such that this liability is at least partially faced by those who create it – rather than the tax payer. Sure, we could have a much better ETS, and sure we could leave the Kyoto agreement (if we believe the cost is lower), but ACT isn’t campaigning on this – they are just campaigning against the ETS and so essentially saying we need higher taxes to subsidise industry …
Ahhh, and I see he will be Minister of Consumer Affairs and Associate Minister of Commerce. Hopefully, ACT show themselves less ideologically blinkered with other economic issues then they are with the ETS.
Note: I have realised that this week, the more “right wing” parties have really pissed me off. It is good, I was worried this blog was starting to sound too anti-Green and anti-Labour when it is really just anti-crap policy.