Sending the country (and its people) broke is a considered, conscious plan. The only people who will willingly adopt a socialist system are people with no money in their pockets, people who can only look to Big Brother to look after their needs with government handouts.
The gaping hole in this plan, (the same gaping hole that's been proven to be totally unavoidable in every country that has tried it, from the Soviet Union to the UK with its 'Welfare State' - but Australia will still try it, believing WE will get it right where it's been proven no one else has been able to [see my earlier post]), is that it relies upon someone to provide the money.
Who will that 'someone' be? The ever shrinking number of taxpayers in productive jobs? The mining companies? They (the mining companies) will stay as long as the rewards remain higher than the costs - and not a minute more. They'll pack up and move to other markets that offer higher rewards - and no carbon dioxide tax!!! - and come back only when government policies change to redress the rewards/costs balance.