Economist Alan Wood says the cost of the ACT Government’s plans to restrict future water consumption exceeds the cost of building a new dam in this piece on Australia’s water shortage.
He says:
No economist would object to future price rises for water if they were based on genuine scarcity. But price rises resulting from arbitrary government attempts at water demand management are not market prices.
The upshot is we’re being fed a guilt trip about water that, coincidentally, boosts the Government’s tax grab.
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