Albo robs Peter to pay Peter’s energy bill

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I do love the characterisation of this as “relief”:

Anthony Albanese will promise Australia’s 2.5 million small business owners they will benefit from measures in the May 14 budget, as the federal government finalises ongoing energy bill relief.

In a speech to the Council of Small Business Organisations Australia national summit on Thursday, the Prime Minister will say small business owners and families are “front and centre in our thinking” ahead of a budget expected to include targeted cost-of-living support.

Speaking in Sydney, Mr Albanese will say the energy bill relief package he negotiated with states and territories had “delivered up to $650 in savings for around one million small businesses, along with five million families”.

No, it hasn’t. It has handed $3bn in tax money directly to the energy cartels via publically subsidised higher energy bills.

All Albo has done is shift the energy bill impost from the bill to the higher taxes needed to rebate the bill.

He is robbing Peter to pay..well…Peter.

Add that the bill shock was 100% his fault and never needed to happen at all:

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And the press release should read:

PM Anthony Albanese is pleased to announce his endorsement of Ukraine War energy profiteering by the East Coast Gas Cartel, which will remain hidden by shifting the bill shock into a higher tax rate. 

Or, even more honestly:

PM Anthony Albanese is pleased to announce that he is a steaming pillock with the promise of a job at the Gas Cartel if anybody finds out. 

As for fixing the failed energy market.

LMAO!

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.