We now know that if the federal opposition wins the next election, it proposes to gouge Australians to bankroll a national build-out of government-owned nuclear reactors across seven locations – because private capital won’t touch nuclear.
Opposition Leader Peter Dutton’s fact-free, 900-word press release on the topic – the totality of the Coalition’s policy announcement – failed to produce costings for what would be a long-term, multibillion-dollar “nuke builder” tax. We estimate that the fiscal damage would be in the order of a minimum $100 billion, but likely considerably more given the international experience.