PPRuNe Forums - View Single Post - Gillards Carbon Tax and effect on Aviation fuel
Old 10th May 2012, 03:25
  #47 (permalink)  
Rusty1970
 
Join Date: Dec 2008
Location: Sydney
Posts: 42
Likes: 0
Received 0 Likes on 0 Posts
This is largely the least informed debate I have ever read.

If you're not keen on the tax, wait 3 years. After that time, it reverts to a floating price scheme - ie an emissions trading scheme. The "tax" will be gone and replaced with an ETS which Gillard did promise at the election (though nobody remembers that). So at worst, it is a broken promise for 3 years.

It will then be excatly the same as Europe, South Korea and China (yes China) among others have/are implementing. Even the 12th largest economy in the world - California - has one.

On July 1, most pilots, certainly those workiing for small business, will see extra money in the pay packets becuase their tax rate will go down, and prices will barely move. The sky will not fall in (just as it didn't with the GST despite the doom and gloom predictions and that had a much bigger impact on prices) and everyone without a political agenda or trying to fleece their customers will say "what was that all about?" and the caravan will move on.

Abbott will not repeal becuase he won't be able to. He can't reverse the tax cuts and pension increases because without the revenue generated from taxing the big polluters how will he pay for it. It is an egg almost impossible to unscramble.

In the meantime, business will do what business always does, they will try and reduce their input costs, so if their carbon intensive inputs are more expensive then they'll try to reduce them. It's called a price signal and it has worked time and time again. (BTW, transport fuel is exempt from to the person who was complaining about costs on costs - not being rude, just can't remember who it was.)

Seriously people, don't believe what the papers say, do a bit of original research. And wait until July 1. We'll still have the best performing economy, with low unemployment (even lower as of today), low inflation, high wages, good working conditions, good public facilties etc etc int the world.

As somebody once said. Australians are a funny lot. We know we live in the best country in the world, but everything is sh*t here.
Rusty1970 is offline