eagle wrote:Industry of any kind must be efficent
eagle wrote:Our manufacturing industry is moving off shore
Because manufacturing is a highly inefficient industry in Australia, as I have stated before. Likewise:
eagle wrote:Telstra, Optus, and other telephone and media companies have or are moving their call centres off shore,
For the same reason why we are showing the door to the manufacturing industry.
eagle wrote:Qantas and Virgin are moving more maintenance off shore
These airlines are not propped up by their governments, unlike other overseas carriers. They are running how a private business should - minimise their costs.
eagle wrote:Tourism is down
Our currency's value is high as our economy is doing way better than everyone else in the developed world. Less bang for their buck for incoming tourists, if they can even afford to come here, which leads to your next point:
eagle wrote:Farmers are struggling
Same reason as above, but also the natural disasters in early 2011 affected them as well.
eagle wrote:The mining industry is gearing up for a down turn
And BHP want 170,000 more workers for expansion. Sounds like some gearing up for a downturn to me
eagle wrote:Superfunds have lost billions
A natural fluctuation due to human irrationality
eagle wrote:We have a new carbon tax being introduced on every one, with a promise of tax cuts for some ( yes I believe that like I believed the pensioners were to receive an increase but didn"t)
Back to Economics 101: the carbon emissions from the production of goods and services are a cost on society (poorer health and environment, pollution) that is not factored into the price of the good or service (termed a negative externality). What this tax does is integrate this social cost into the cost of production of the good or service ("internalising the externality") This tax is placed on the producer, ultimately the producer will pass the extra cost onto the consumer, but the revenue generated by this tax will be used to compensate the consumer for the rise in price due to the tax. The tax will cause businesses to become greener, to reduce their costs of production.