Tuesday, 5 July 2011

Carbon Tax Mark 3 - Millions will be Worse Off.

Authorised by Viv Forbes    Chairman    The Carbon Sense Coalition

A print-ready copy of this issue of "Carbon Sense" can be downloaded from:

Australia's Minister for Controlling the Climate, King Combet, has promised that millions of households will be better off under Carbon Tax Mark 3.

Who is he trying to fool?

There is only one tax on the people and that is total government spending. The carbon tax will increase that greatly. And the more complex the system, with more exemptions, more rebates, more electoral bribes and more cash handouts, the more will be wasted on government administration. We will pay more and get less value back.

Every tax levied by the government gets spread around until it rests with the people at the bottom of the pile. Consumers will see increased costs for electricity food and transport, retirees will see lower dividends, job seekers will see contraction of real jobs, other tax receipts will fall thus reducing government income, and too many of us will spend more time trying to join the ranks of the tax avoiders and rorters.

Can we believe that the same incompetents who delivered pink batts, cash-for-clunkers, schools renewals, a computer for every child and the Queensland Health Payroll will suddenly be able to handle the complexities and con-men in yet another money-churning vote-buying scheme?

None of this will have any effect whatsoever on climate, so why crucify ourselves further?

The world is moving on from the global warming scam.

It's Time for Australia to move on.

Australian Tour by Lord Christopher Monckton

(This part of Viv's Carbon Sense Newsletter covered in a separate post -Editor)

 To view all dates and times for Lord Monckton's Tour please go here:

Which Carbon Tax? None of the Above.

It seems that everyone except Professor Garnault knows that the PM Gillard's "Price on Carbon" is a "Tax on Carbon Dioxide". The more she denies this fact, the less we trust anything she says.

Her "carbon tax" is so unpopular that she is now proposing its early replacement by Emissions Trading Scheme Mark 2.

There are two essential elements to an emissions trading scheme.

First, the tonnage of carbon dioxide produced will be rationed by law – so it is back to the old war-time ration cards. No one is allowed to produce harmless carbon dioxide without having a ration card. (Will it apply to Kevin Rudd's jet, or to foreign tourists coming to visit the Barrier Reef?)

But unlike the old ration cards which were provided free, these carbon ration permits will be sold by the government. They act exactly like a tax on production – just another underhand tax on carbon dioxide.

These permits to emit hot air can be traded. They will become profitable playthings for bankers and speculators. Europe has shown that fraudsters flourish and permit prices vary wildly in such markets in make-believe goods.

Imagine producers seeking investment certainty in an Emissions Trading Casino.

 A simple fixed tax is far better than a complex variable tax.

But the best Carbon Tax result is for Parliament to vote "None of the Above".

Background Comments:

Speculators Paradise:
"Under the European ETS, the price of permits tripled in the first six months of the scheme then collapsed by half in 2006 before declining to zero at one point in 2007. Recently, the permit price has fallen by 20 per cent in just a week, including a fall of 11 per cent on just one day. Such volatility fatally undermines the argument that an ETS will provide “certainty” for emitters."

Policies for Poverty - nothing has changed:   http://carbon-sense.com/2007/07/17/policies-for-poverty/

Authorised by Viv Forbes      Chairman          The Carbon Sense Coalition

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