So he's going to spend roughly 17 times the annual fed budget over that period of time on one sector and at the same time pay down a $400B or what ever debt and deal with any economic downturns that come along during this time. If anyone thinks the man still has credibility is a fool!I know, he was a fool. He was only focused on the CO2 taxcomponent which was not a major factor.Rubbish, Bill Shorten is proposing to spend $1,000,000,000,000 (a trillion) on moving us to completely green sources of energy by 2030. Nationalisation doesn't necessarily mean paying full market rates for the assets they're acquiring - and even then the national power system wouldn't be anywhere near a trillion dollars.
Commonwealth cannot afford to Nationlise the power sector, it would be beyond their funding capacity and only to reduce revenue through cuts in prices makes it even worse.Change and adapt means acknowledging your protectionist way of existence is coming to an end whether you like it or not. You can crash or you can evolve. If you didn't notice prior to these changes the economy was in a downward spiral as the consumers were peeved off with low quality high cost local made goods.Again, rubbish. Local goods were EXTREMELY HIGH QUALITY, how many Hills Hoists are there still in operation around Australia 70 years after they were made? My mechanic tells me my BA Falcon ute was one of the best cars that Ford ever made and it should keep running for decades. The quality of the goods had nothing to do with it - the fact is that we couldn't compete against people working for $2 a day - end-of-story.
In my very limited experience of visiting Asia I can tell you I've got absolutely no desire to replicate their living standards in this country - especially given the huge social problems that accompany that poverty. You might view it as a favourable thing that our living standards are going down but I don't - and you'll probably feel the same way once you get back here and find yourself either unemployed or unable to make enough money to make ends meet.
So no, he's not going to Nationalise the power sector, nor can the Feds afford it and yes I think it would be upwards of $500B to do so if not more.
No they were not high quality for all and even if they were the spending public choose to spend their money elsewhere which is why they are not made here anymore, simple as that!
From your very limited experience visiting Asia you havn;t seen enough to make a valid opinion.
Australia's standard of living is still one of the best in the world and its about time some people actually got used to the fact their so called miserable lives are actually alot less miserable than the vast bulk of the worlds population.
It would appear migrants have few issues getting jobs in Oz, which is why so many still want to come.