Do Ontario’s teachers know their pension fund owns the Sydney Desalination Plant?
Warragamba Dam close to bursting after state cops another east coast low […]
By Sunday evening the heaviest-hit sections of Sydney experienced rainfalls around 35mm, with 39mm saturating Frenchs Forest and more predicted.
(h/t Another Ian)
I marvel at how “right-thinking” people nod so seriously when our governments say they are going to crack down on these damned corporations and their (entirely legal) overseas tax shelters.
I wonder how many unionized worker bees realize that reducing those nasty corporations’ profits in a big tax grab by closing “loopholes” likely means reduced earnings for their sainted pension funds?
Welcome to Australia — long periods of drought punctuated by periods of torrential rainfall and flooding. It’s been ever thus since time immemorial.
Ha! I cashed out my meager entitlement last year! And it’s already spent. Piano to my right, guitars to my left.
Watch for pressure from the left to start a “rainfall” tax based on the size of your property and the amount of rain that falls on it. This will probably be initiated toward the end of a predictable low-rainfall cycle by a left-wing party not facing an imminent election. The tax will be justified by the need to create and maintain drainage systems and promises to invest the money in feel good enviro stuff, including desalination plants and solar farms, wind farms. I think this was proposed in California in recent years, or maybe it was a US EPA gem. Most of the money will be “re-purposed” to other bribe-me-with-my-own-money schemes, all of them aimed at increasing your dependence on national and international government entities(European Union,United Nations) come to mind.
I wish I was a younger man, so I could possibly see the other end of all this crap.
And as Tim Blair has frequently pointed out and raised in the link below to an Andrew Bolt column, Australia’s version of Suzuki, Tim Flannery, was predicting Sydney running out of clean water etc. because of CAGW for a long time now.
http://preview.tinyurl.com/j3c7qq6
The rate payers in Sydney might keep the pension fund alive for at least another 50 years.
http://www.smh.com.au/nsw/535m-paid-to-keep-desalination-plant-in-state-of-hibernation-20150410-1miuw6.html