this post was submitted on 14 May 2024
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Queenslanders are also getting a $1000 rebate from the state government. So in total, $1300 off our energy bills in the next financial year.
Kind of shocked the federal government are giving $300 to every household.
What's the point of a rebate? It's just going to double the impact of price rises next year.
I guess it might give a break (and swing enough votes) long enough to push through more serious long term change.
If it's not being followed up with anything long term it's a complete waste.
It is almost as if the economists who advise the government don’t understand economics.
If you pay more for a thing, it makes it more expensive, it is Economics 101.
And don’t get me started on the Reserve Bank and interest rates. “People have too much debt; let’s make their current manageable debt into crippling debt so they can’t survive at all! That will stop them from borrowing more money.”
I highly doubt the economists in Treasury were advocating for this. It's 100% a political decision.