Nix Myth.. the mathematician..

**GOONR** · 16th November 2009, 16:26

Govt accused of $50bn ETS blunder

""Environment Minister Nick Smith first told New Zealanders the long-term fiscal impact of his ETS bill would be 6 per cent to 8 per cent of GDP, or around $50 billion."

But Treasury told the committee the cost to taxpayers could reach $100b by 2050.

"That's a $50 billion mistake by National in its calculations," Mr Goff said.

The Greens also complained about a $50b discrepancy and said officials had been under too much pressure as Dr Smith rushed the bill through"

**peasea** · 16th November 2009, 16:58

Originally Posted by GOONR

Govt accused of $50bn ETS blunder

""Environment Minister Nick Smith first told New Zealanders the long-term fiscal impact of his ETS bill would be 6 per cent to 8 per cent of GDP, or around $50 billion."

But Treasury told the committee the cost to taxpayers could reach $100b by 2050.

"That's a $50 billion mistake by National in its calculations," Mr Goff said.

The Greens also complained about a $50b discrepancy and said officials had been under too much pressure as Dr Smith rushed the bill through"

Nick is starting to remind me of the Dr. Smith on 'Lost in Space'.

**Skyryder** · 16th November 2009, 17:15

Originally Posted by GOONR

Govt accused of $50bn ETS blunder

""Environment Minister Nick Smith first told New Zealanders the long-term fiscal impact of his ETS bill would be 6 per cent to 8 per cent of GDP, or around $50 billion."

But Treasury told the committee the cost to taxpayers could reach $100b by 2050.

"That's a $50 billion mistake by National in its calculations," Mr Goff said.

The Greens also complained about a $50b discrepancy and said officials had been under too much pressure as Dr Smith rushed the bill through"

Just following the 'bosse's' orders....................lie.

Skyryder

**ready4whatever** · 16th November 2009, 18:34

Holey shit, do you know how much 50 billion dollars is??! if it was in your eftpos card your card would weight 2 kg

**Dadpole** · 16th November 2009, 18:56

All fixed now. He blamed the Labour govt.

**GOONR** · 16th November 2009, 19:11

Originally Posted by Dadpole

All fixed now. He blamed the Labour govt.

Ahh, the same fix that he is trying to use for the ACC.

**nothingflash** · 16th November 2009, 19:26

Originally Posted by ready4whatever

Holey shit, do you know how much 50 billion dollars is??! if it was in your eftpos card your card would weight 2 kg

**ready4whatever** · 16th November 2009, 19:26

Why the hell is this idiot minister for climate change?! we cant afford for him to stuff that up too. "By 2050 the sea will rise by 2 metres" [41 years later..] "oh shit, i meant 20 metres", there goes half of NZ".... Its fair to say this guy is a fuckbag, and should not be anywhere near the ACC levy review

**Thaeos** · 16th November 2009, 19:32

We shouldn't even have an ETS

**vtec** · 16th November 2009, 19:53

At least sort out the science before you start declaring war on CO2. wasting productivity on it at this stage is a joke.

**Mom** · 16th November 2009, 20:06

I am kind of, but not really, almost, feeling sorry for Poor Minister Myth. If I were in his shoes I would be wholesale sacking the bastards that fed the line of bullshit that he has been given to spout. Of course I am always the pacifist in these things, I like to think well of folk. However, I am cynical enough to know how the game is played, he thinks he has something to gain (ie, keeping his job) by spouting shit that he really has no idea is true or false, he just believes it and acts upon it. Sad thing is, in the process he will and no doubt already has alienated the people he thought he could rely on for support.

Crazy world we live in.

**peasea** · 16th November 2009, 20:08

Originally Posted by ready4whatever

Why the hell is this idiot minister for climate change?! we cant afford for him to stuff that up too. "By 2050 the sea will rise by 2 metres" [41 years later..] "oh shit, i meant 20 metres", there goes half of NZ".... Its fair to say this guy is a fuckbag, and should not be anywhere near the ACC levy review

Don't buy land on the coast.

**Skyryder** · 16th November 2009, 21:47

http://www.3news.co.nz/Nationals-ETS...0/articleID/12

Skyryder.

**rainman** · 17th November 2009, 11:34

So much for the free market, huh? Instead of providing price signals to polluters so that they can have an incentive to innovate and tidy up their act (and our, and our kids' environment), let's load up tens of billions of market distortions, just to keep the party backers happy. Fucking corporate socialism.

I said at the time of the last election that the last thing we needed going in to a phase of economic and energetic decline was a conservative government. Unfortunately I seem to have been right. When the grown-ups are next in charge there is going to be a very large mess to tidy up.