This time tomorrow, you’ll already be paying more for petrol, diesel, power and everything else that uses any of these things—which means you’ll be paying more for everything—paying more because Nick Smith and John Key have been hell-bent on signing you up to a scheme few want, nobody can afford, whose alleged “benefits” will do precisely nothing to fix the alleged problem, and whose economic impact no-one will even be able to quantify.
But just because “it will be difficult if not impossible” to quantify its economic impact—except to say that we know it will be wearing a negative sign in front of it--that doesn’t mean we can’t quantify the sort of impact it’s going to have on our hip pockets, and on the expenses columns of every would-be producer.
- Petrol prices are likely to rise 3c a litre and diesel by 4c.
- Aviation fuel prices are set to rise by 6.75c a litre.
- Mercury is increasing electricity prices by 3.3 per cent and Contact by 3.2 per cent.
So the money you would have spent on more food, more books or a new pair of shoes for your kids—or that a business might have spent on new investment or, you know, creating new jobs--will instead now be going every week to… well, no-one can really tell you where the hell it’s going, can they. Around a billion dollars a year going … somewhere.
Meanwhile, the coal that would have and could have been burned here to provide warmer homes and cheaper power will instead be shipped to China to provide more and cheaper power there.
But don’t complain about it. This is what madman Nick Smith has been touting since at least 2006. This is exactly what you voted for.
And tomorrow you’re going to get it good and hard.
It really isn’t about science; it’s about control. After all, even if the IPCC’s worst prognostications came to pass, it doesn’t follow that we all need to stick our head in Nick Smith’s noose. As Bernard Darnton says, we know that socialism doesn’t work at fifteen degrees, so why will it work at seventeen?
So what would a libertarian do about global warming? Plenty. Property rights can still work over international borders. Fact is, it’s not sacrifice and self-abnegation that’s needed, but more self-interested pursuit of technology, more freedom to adapt to price signals -- and what's needed to pursue that is more freedom and less big government.
Tomorrow, John Boy will deliver the opposite.
Smile. He might wave back. And remind you there’s more hikes to come…