ALBO AND BOWEN'S "SOLAR INVESTMENT" A WASTE OF TAXPAYER'S MONEY - LIKE AROUND $800M

The Albanese government's recently announced $1 billion investment in funding "home grown solar panels" sounds like a great idea. 

The idealism backing the government's announcement is that for the first time ever Australia will be manufacturing the lion's share of the solar panel infrastructure required to meet an obviously ever increasing demand for solar power, everywhere in Australia. 

Trouble is - the $1 billion "taxpayer funded" price tag equates to sheer, gross over-capitalisation into an industry which is already healthily funded by private equity and shareholders to be able to boost manufacture of solar power infrastructure quite substantially, without any government handouts. 

In view of that, the government's $1 billion dollar funding into the industry would appear to be a copious waste of taxpayer's money. 

Fair enough, if there was a lack of private enterprise financial backers, including electricity retailers, to manufacture X amount more solar panels required to meet the government's "political renewable energy targets", there would be some degree of equity in what Albanese and Bowen have put forward.

But the reality is there is not a lack of them. Albo and Bowen need to understand - if you invest more into something than what it can ever pay you back or what it could ever be worth, you have over-capitalised. Yes, they have over-capitalised, to the tune of probably at least $800 million. 

Instead of pledging to over-capitalise that astronomical sum of money into an industry which is already plush with investment dollars from private enterprise what Albo and Bowen should have pledged was to invoke legislation to outlaw new solar farms on all prime pastoral and arable farming land in Australia, from this time onwards and forevermore.