Chalmers does comedy… ‘Premier investment destination’… 😂😂😂 Australia has the second highest company tax rate in the OECD.

Federal Labor Digital Minister Andrew Charlton was a Kevin Rudd staffer back in his PM days. When KRudd imploded, Andrew started a consultancy helping business ‘Connect with Government’, he sold it to Accenture for 35 million in 2020. Over 32 million of that was ‘goodwill’. Andrew then worked for Accenture for a while. He bought a 2 million dollar house in Parramatta to get that safe Labor seat in 2022 election, while mainly still living in an Eastern Suburbs mansion. Accenture get massive Federal Government contracts to improve things like the BOM website, 80 million went to Accenture for that. The website got worse, not better. After that flop, Accenture got even more taxpayer funded contracts, around a billion dollars worth, funded by the ATO sending small businesses broke and taxpayer debt. Apparently Andrew has nothing to do with Accenture getting contracts. Andrew is what Labor is now. He may be their next leader.

Good to see Lowe being forthright. Not sure he was so candid in the past. This spending problem goes back many years by both sides in govt, and even further enabled by each when in opposition. Those commentators & economists calling it out have been ignored or disparaged.

lol… Every single day of the year solar fails to work.

Compelling: The West’s net-zero policies are handing China a huge strategic advantage While Western nations close reliable energy and raise costs, China adds wind and solar without giving up coal, oil or gas—then sells us the panels, batteries and other products our mandates require China’s approach is “add, don’t subtract”: build renewables and nuclear power while continuing to expand fossil fuels. This supplies cheap, dependable energy for Chinese industry. Meanwhile, many Western governments deliberately make their own energy more expensive and become increasingly dependent on Chinese solar panels, batteries, critical minerals and manufacturing. Western climate organizations scrutinize democracies far more aggressively than China, where independent activism is impossible and access depends on the state. Climate policy should be judged by its actual effect on global emissions, energy prices, industrial competitiveness and dependence on China—not simply by whether it appears ambitious at home. tabletmag.com/sections/news/…

Africans rank jobs, the economy, health, education, poverty, roads, electricity, hunger, and corruption as their top concerns Climate ranks near the bottom of African worries Afrobarometer 2021-23, afrobarometer.org/wp-content… You can see all the references in my Twitter thread: x.com/BjornLomborg/status/20…

Chris Uhlmann is exactly right here -> Australia’s economic decline is entirely self-inflicted What a mess theaustralian.com.au/inquire…

To believe that letting people access their Super is 'inflationary' you also have to believe that high wages cause inflation, that tax cuts cause inflation, or that consumer choice causes inflation.

There’s an old saying in financial modelling: garbage in, garbage out. My take on Treasury’s tax reform assumptions, from today’s @australian.

Someone should tell Quentin et al. about the war on nicotine. Nicotine has won.

Cigarettes in Australia are already cheap and being supplied by criminals.

The @JEChalmers @AlboMP plan to address intergenerational equity is nothing more than to attack the balance sheets of Australian households. Chalmers defends plunging house prices as living standards flatline theaustralian.com.au/nation/…

-8% after money printing makes Australians wealth halve in a decade

Former Shark Tank judge Steve Baxter warns that says the federal budget is a “bad dream”, and predicts Treasurer Jim Chalmers’ tax overhaul will crumble in two years once the government realises the “wasteland” it has created. Mr Baxter, a former army officer-turned-tech-entrepreneur, has raised $26m in his Beaten Zone Venture Fund I, which is aimed at bolstering Australia’s sovereign defence sovereign capability, reports Jared Lynch: bit.ly/4iD5u2C

Fossil China vs Green hype You're told China is green Reality: China is predominantly fossil fuel-powered, as is the rest of the world China's renewable energy share 40% in 1971 when poor (wood, dung) As average Chinese got 35x richer over the period, fossil fuels maxed at 2024 iea.org/data-and-statistics/… You can see all the references in my Twitter thread: x.com/BjornLomborg/status/20…

Government raises taxes on local investment. While offering tax concessions for foreign investment. So it can claim success of projects that rely on lower taxes. While denying local investment is constrained by high taxes.

.@SenatorAntic gets it. This 4 minute speech concisely and elegantly explains the silent approach of an all powerful surveillance state. Australians quietly and ignorantly accepting this. Resist.

"Origin Energy warns renewable costs, low wholesale prices put Yanco Delta wind farm at risk" Talk about timing for this kind of public musing... What the article states (as though it's as obvious as the sky is blue) is that wind is high cost. So high, in fact, that wholesale power prices will have to rise significantly from where they are to make wind investable. Even with subsidies. The implications for renewable advocates, who were crowing about how wholesale costs had come down, are profound. Whatever combination of new renewables and reliable coal has put downward pressure on prices, the outcome has definitely damned any further investment in renewables. But for coal? The significance of this observation from Origin, which owns the largest existing coal fired power station, and the largest prospective wind development is hard to overstate. The musing goes like: Dear @PennySharpemlc , should we put a few billion dollars into a giant wind project, which needs prices far higher than what we have in NSW to be viable? Or... if we put a fraction of that money into refurbishing our coal generator, we could continue doing that which has kept prices low enough to make that wind uninvestable. You choose Penny, because we certainly won't do both! theaustralian.com.au/busines… via @australian

mind the gap

Where have all the climate alarmists gone? Leaders barely mention it. Voters rank it near the bottom. Even Greta has moved on. Here’s why the panic is fading — and what we should do instead: youtube.com/watch?v=D9yizR2f…