Eco-Inflation

During the election campaign last year, our esteemed PM, then Leader of the Opposition, appeared on the 7.30 Report and opined about the cost of his environmental plans.

KEVIN RUDD: In terms of the whole economy what the modelling from MMA demonstrates is that the total impact on the economy will be marginal over time. That is that they calculate that between now and about 2045 that you'd be looking at a total impact on the economy of somewhere between $600 and $800 million or something in the vicinity of $45 per person over that period of time or something like $1 per person per year.

That figure has since been revised. The cost now, according to new modelling done by the Treasury Department, is about a dollar a day.

HOUSEHOLDS are expected to pay on average $7 a week extra in electricity and gas bills once the Federal Government adopts an emissions trading scheme.

So, the cost has gone from a dollar a year to a dollar a day. There’s inflation for you.

Who will get hit the hardest?

Lower-income households are likely to be "slightly more affected'' by the
introduction of an emission price, according to the modelling, "as they generally spend a higher proportion of their disposable income on emission-intensive goods''.

The party of the working man indeed.
If the cost has risen by 354 times in 11 months, how much will the burden on the poor schmucks who elected him and his sniveling cronies be by the time the plan is introduced in 2010?