Mr Rudd announced today that families would be compensated for the extra costs caused by Labor’s planned ETS.
But what exactly is the point of a tax if the businesses who will pay the tax are going to be compensated for the extra tax they pay by taxing someone else more so that the businesses can be compensated, and then compensating the people who are being taxed extra to pay the compensation for the first group. Where is that money going to come from?
If I can’t work it out, it’s a good thing Labor is in charge, their being so brainy and all.
Except the public Rudd wants to impress with his generosity is not impressed at all.
A sample of comments from the above linked story:
The real problem if you beleive in climate change is that they are blaming it on carbon dioxide emissions which is 90% generated by energy and transportation which is used to bring goods and services to consumers. So here in lies the problems, Australia consumes 30 tonnes of carbon per a capita and the sustainable amount according to the “experts” is 3 tonnes per a capita globally… so realistically you need people to consume only 1/10 of what they consume now… how do you get them to do this? well you tax the crap out of them so they can’t spend money on anything… but hey wait, whats the point of a tax that you just give back to the public in hand outs. uhmm well nothing, its just money going back and forth, govt taxes businesses, businesses ups the costs of goods, and the goverments gives the money back to the people to pay for the increase costs and were back at square one except money is effectively loss on administration costs, govt “looks” like they are doing something about climate change, and they “look” like they are giving free money to the public when in reality they’ve done nothing. it’s pretty simple, if your serious on climate change, start building nuclear energy
By compensating for price hikes, consumers will still buy just as much of polluting products. All this will lead to is inflation. While I don’t like the guy, Abbott will be getting my vote.
So there you have it, there will be a massive tax hike and we will still be paying for it, even though we get some of it back. See another mining company ready to sign a deal in indo. They will leave in droves shortly if an ETS is adopted. Love ’em or hate ’em, the mines and miners make a massive contribution to our nation’s economy. Would I have a business if there hadn’t been a mining boom? NOT ON YOUR NELLIE! Can’t feed the kids on air now, can we?
The PM pledges families will pay little or nothing for his ETS scheme, is that so. Is Mr Rudd going to pay for it out of his own pocket then? If not where does he think the money comes from to pay for all these mega dollars he keeps handing out, it comes from Mums and Dads and You and Me, it really is frightening.
Sorry, Kev. We’re just not buying it.