This is a great example of the difference between cheap electricity generation and cheap electricity delivery.
On paper, the usage rates have fallen. In reality, the daily supply charge has exploded:
• 87¢ → $2.46/day (↑182%)
• 93¢ → $1.44/day (↑55%)
Consumers don’t just pay for electricity generation, they pay for the poles, wires, transformers, substations and the network needed to deliver that power. Wholesale prices are only one part of the equation. If the cost of building, upgrading and maintaining the electrical grid keeps rising, households can still end up paying more overall.
The success of Australia’s energy policy shouldn’t be measured by wholesale generation prices alone. It should be measured by the total bill that lands in a household’s letterbox. If electricity is genuinely becoming cheaper, Australians should see that reflected in their total cost, not just in one line of the tariff schedule.
@TheKouk Problem is you're comparing OUR assets against the debt of the stationary bandits we live near
They have no claim (yet) over our assets.
But they finance debt repayments by taking more of our income
@fraserpricee Good luck
Economists have been trying to educate people on emergent order for decades
Unfortunately the incentives always mean someone assumes they have abilities to design they don't actually possess
Feel kind of bad for TOP.
George's land tax is a good idea, but you can't retrofit it onto an existing tax system. Because society has already structured itself around the existing system.
We need a reset first - several decades of no tax, then see if the land tax fits.
@bowtiedstocks 10% down before plunge protection comes in with 2% deposits for uber drivers and 7/11 clerks
Then doubling in a decade
Anything but let family formation take place
@PronouncedHare 2 and 3 are necessary hard times to enable prosperity
Compulsory kiwisaver might seem an innocent beneficial nudge but that ignores the very real regime risk
True, it's not govt run or owned but it's tightly regulated and the political costs of tinkering with it are low