Australia to cut 90% of global warming funding from budget

The story is here:

Australia’s conservative coalition is absolutely gutting the silly global warming budget from $5.75 billion this year down to $500 million over four years.  Why are they doing this?  To resurrect their economy!

Tony Abbott should now abandon the so-called direct action plan, which is little more than a slogan,” Green leader Christine Milne said in a statement.

But Abbott shows no signs of slowing down in his quest to repeal the country’s environmental laws, which have slowed economic growth, including mining taxes, green energy funding and the carbon tax.

“The carbon tax is an act of economic vandalism,” Abbott said in March. “You can’t trust [Labor] anywhere near an economy.”

The carbon tax was imposed by former Labor Prime Minister Julia Gillard in the summer of 2012, and quickly became unpopular as businesses and households began to bear the costs of higher power bills and higher inflation.

“Poor policy processes tend to lead to poor policy outcomes,” wrote Dr. Alex Robson, an economist at Australia’s University of Brisbane, in a study prepared for the Institute for Energy Research, which opposes a carbon tax. “Australia’s carbon tax experience provides a number of important lessons in how not to go about implementing sensible climate change policy.”

After just one year, the carbon tax increased taxes on 2.2 million Australians, according to Robson, and has done nothing to decrease the country’s carbon emissions, which aren’t predicted to fall below current levels until 2043.

Robson also found that a year after being enacted, the carbon tax caused electricity prices to rise 15 percent. The country’s unemployment rate shot up by 10 percent after the carbon tax was implemented.

Finally a politicians gets it!  Raising taxes on silly things like imaginary global warming is an economy killer.  It needs to all go away.

The money quote is this:

“The carbon tax is bad for the economy and it doesn’t do any good for the environment,” Abbott told The Washington Post last year. “Despite a carbon tax of $37 a ton by 2020, Australia’s domestic emissions were going up, not down. The carbon tax was basically socialism masquerading as environmentalism, and that’s why it’s going to get abolished.”

A carbon tax is socialism masquerading as environmentalism!  Booyah!

And given this evidence that silly green policies cause economic destruction, what will the Democrats in the USA do?  Probably vote for increased taxes on everyone and everything it can…

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