Economists back gas reservation and super profits taxes
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The latest survey of “48 leading economists” by the Economic Society of Australia and The Conversation asked “what other actions could authorities take to bring the inflation rate down?”.
The second and third most popular choices related to reining in the gas cartel via domestic reservation and super profits taxes on fossil fuel producers:
It’s good to see Australia’s economists belatedly acknowledge the rorting of the gas cartel, which is directly contributing to Australia’s inflationary pressures.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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