Antinuclear

Coalition’s taxpayer-funded nuclear con a road to ruin

We estimate that the fiscal damage would be in the order of a minimum $100 billion “nuke builder” tax, but likely considerably more given the international experience.

AFR Tim Buckley and Annemarie Jonson 25 June 24

We now know that if the federal opposition wins the next election, it proposes to gouge Australians to bankroll a national build-out of government-owned nuclear reactors across seven locations – because private capital won’t touch nuclear.

Coalition Leader Peter Dutton’s fact-free, 900-word press release on the topic – the totality of the Coalition’s policy announcement – failed to produce costings for what would be a long-term, multibillion-dollar “nuke builder” tax. We estimate that the fiscal damage would be in the order of a minimum $100 billion, but likely considerably more given the international experience…………………………………………… (Subscribers only)

June 25, 2024 - Posted by Christina Macpherson | politics