On Thu, Feb 19, 2015 at 12:34:10PM +1100, Frank O'Connor wrote: > Methinks this government has bull-shitted us yet again, and that many > cheques have been in the mail to the LNP fund-raisers.
contrary to Liberal Party lies, the obscene rises in electricty bills over the last decade were completely unrelated to the so-called "Carbon Tax". they were due to deliberate over-investment in the state and national power grids, because of a perverse financial icentive to do so - electricity companies are allowed to recover cost + 10% of every cent they spend on infrastructure, whether it's needed or not. so if they spend a billion, they get a guaranteed return of $1.1 Billion, a $100 million profit. these incentive rules are, of course, largely due to the privatisation of electricity supply. http://www.abc.net.au/radionational/programs/backgroundbriefing/2014-04-27/5406022 craig -- craig sanders <[email protected]> _______________________________________________ Link mailing list [email protected] http://mailman.anu.edu.au/mailman/listinfo/link
