Plain Packaging Nationalizing IP

The Australian Federal Government’s intention to have mandatory cigarette package plain packaging in place by year 2012’s end is again making the morning news. Now while I really dislike anybody smoking near me and think that it is fair enough to legislate package advertising, and expect the court to support the Government’s right to do it, I nevertheless expect that the Constitutional provision for fair compensation for appropriated property to cost us all dearly.

The Carbon Tax impact on us all may well pale by comparison. Compensating tobacco companies for their loss of intellectual property and branding could well cost us tax payers billions of dollars and that is before any external sovereign interests decide to have a go at us for seizing the property of their countries companies – à lá Cuba & the USA.

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About adelaidepete

Now live in Adelaide South Australia and have always worked in Systems & Software Engineering. I am enjoying commenting on, suggesting and discussing innovative solutions to problems and useful risk mitigation strategies and recently interested in the realm of public policy re urban planning & disasters - the focus of this blog. I am interested in technology, gadgetry, enhancing productivity & functionality, urban planning, military thinking and public policy. I enjoyed periods I spent in USA (Reston, Virginia Beach & Dallas) & Europe (Germany, Spain, Italy & Greece) but genuinely love Australia, most people, animals, singing, dancing & life.
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