Beam me to Planet Gore !
Basically, you can bet on upswing of Australian unemployment, failed companies within thirty-six months, and a hostile voting environment within five years.
What a twit - she’s either a useful tool or found a way to tap into the revenue for her personal gain.
I am sure Bernard Madoff is looking at this and saying “Are you F$%@ing kidding me!! If only I had put the money in green technology I would still be free!”
I am also sure there are a lot of people in the Mafia going “Wow is’nt that the defination of Racketeering!”
People are outraged here. I highly doubt she’ll be around after the next election.
DOA
DOA
This begins as the Carbon Scam collapses elsewhere. Where/Who gets the money? What green eco-friendly nature rebuilding programs will be put in place? Who will monitor their progress? How will progress be measured? Is there a report card back to the scammed companies to assure them they have not been robbed at gunpoint?
My mind reels at various lunacies this early in the morning.
Well, look on the plus side.
Think of all of the Aussie babes that will immigrate to America to find work.
Oh...
Wait....
Nevermind.
“From July 1 next year, the freedom to pollute our skies will cease.”
But if you pay a nominal fee, you can pollute all you want. Yeah, that’s gonna help things.
So they plan to increase electricity costs by an average $50.00 to $60.00 a month on the average consumer. Then the Government will raise Taxes on everyone so that they can redistribute the Tax Money back in the form of Tax breaks to defer those same costs ? Makes Perfect sense to me .Other than Bankrupting Business’s, i see No Point in this at all.
It doesn't matter a single bit if consumers are compensated -- industry will be gravely damaged.
The carbon tax is a tax on capital and, therefore, production. The reimbursements are designed to keep consumption steady. The two are in conflict.
Australia, like the U.S., runs a chronic trade deficit. And, also like the U.S., it is a result of monetary inflation which has caused prices and wages in Australia to outpace those of Asia.
Energy-intensive industries will find that, once the tax is in effect, their assets are worth much less and will write them down accordingly or even abandon them. Now, a company with a factory worth, say, $1 billion, does not necessarily have that much in cash to invest in less carbon-intensive processes and will likely just go out of business.
Other ventures will decide, given Australia's inflation-driven high costs of business, to simply locate over seas. A tax on capital destroys capital -- there's no other possibility.
But the ninnies running the country are blissfully ignorant of that and will harm Australians' standard of living with their little "revenue-neutral" tax all in the name of global warming. I'm surprised this has been allowed to happen.
‘”No longer will the nation’s biggest polluters be able to pollute our atmosphere for free,” Gillard told a Labor Party conference on Saturday.’
That sounds fairly reasonable until you realize that CO2 isn’t actually pollution.
I’m sure the Australians will be ecstatic about the economic fallout, even as the Earth heads into several decades of global cooling... ;-)
Bernie Madoff goes to prison, and this becomes the law.
Maybe we deserve extinction after all.
Why not tax every human being for breathing?
Translation.....
.....Polluting for a fee is OK.
And since when is CO2 gas pollution?
Once these fees are in place, look for CO2 to become OK, governments will encourage burning fossil fuels while continuing to collect the fees....just like cigarette taxes.
Steam is now a pollutant?