Carbon tax
#151
Re: Carbon tax
"A RECENT survey of Australian economists has revealed around 60 per cent believe the carbon tax package is a good economic policy and 25 per cent disagree.
The poll included 140 economists in response to the weekend’s carbon tax announcement. Nearly 85 per cent said they did not think the Coalition’s Direct Action Plan is a sound economic proposal to reduce carbon emissions."
Source: http://citynews.com.au/2011/news/eco...ree-on-carbon/
The poll included 140 economists in response to the weekend’s carbon tax announcement. Nearly 85 per cent said they did not think the Coalition’s Direct Action Plan is a sound economic proposal to reduce carbon emissions."
Source: http://citynews.com.au/2011/news/eco...ree-on-carbon/
#152
Account Closed
Joined: Jul 2011
Posts: 269
Re: Carbon tax
The Greens are looking particularly smug. Not surprising really given that they got their way - balance of power is a strong persuader.
#153
Re: Carbon tax
So if I follow the logic of the government.
1. They tax the big polluting companies
2. They give that money to compensate Joe Public for the increase in the cost of goods caused by the rise in costs to the big polluting companies.
So far so good.
Fast forward 2 years and lets assume that the big carrot worked and the big polluting companies will have figured out ways to reduce their emissions and therefore the tax they pay.
At that point; do you think that the subsequent in the costs of goods will be passed on to the consumers. I don't think so, they will remein at their new inflated price. And is the government still compensating Joe Public? If so, what with? The pot of money they were using to compensate with has run empty because the big polluting companies aren't filling it anymore.
It's just Labour spending (or promising to spend) what they haven't got all over again.
1. They tax the big polluting companies
2. They give that money to compensate Joe Public for the increase in the cost of goods caused by the rise in costs to the big polluting companies.
So far so good.
Fast forward 2 years and lets assume that the big carrot worked and the big polluting companies will have figured out ways to reduce their emissions and therefore the tax they pay.
At that point; do you think that the subsequent in the costs of goods will be passed on to the consumers. I don't think so, they will remein at their new inflated price. And is the government still compensating Joe Public? If so, what with? The pot of money they were using to compensate with has run empty because the big polluting companies aren't filling it anymore.
It's just Labour spending (or promising to spend) what they haven't got all over again.
#154
...giving optimism a go?!
Joined: Jun 2007
Location: Brisbane (leafy, hilly western suburbs)
Posts: 2,202
Re: Carbon tax
Of course all of the the above fails miserably if there is no free market, or if theres no competition, or if the population in general [customers] are too stupid to take their business to someone offering a cheaper/better service.
#155
BE Forum Addict
Joined: Oct 2009
Location: Perth
Posts: 2,237
Re: Carbon tax
"A RECENT survey of Australian economists has revealed around 60 per cent believe the carbon tax package is a good economic policy and 25 per cent disagree.
The poll included 140 economists in response to the weekend’s carbon tax announcement. Nearly 85 per cent said they did not think the Coalition’s Direct Action Plan is a sound economic proposal to reduce carbon emissions."
Source: http://citynews.com.au/2011/news/eco...ree-on-carbon/
The poll included 140 economists in response to the weekend’s carbon tax announcement. Nearly 85 per cent said they did not think the Coalition’s Direct Action Plan is a sound economic proposal to reduce carbon emissions."
Source: http://citynews.com.au/2011/news/eco...ree-on-carbon/
#158
Re: Carbon tax
The random grocery quiz had undone the Treasurer yet again. "Wait, wait, wait, got one…uh… large box of Libra Fleur? Nope. Uh, Sara Lee Chocolate Bavarian? Hah, you got nothin', Swanny!"
He bangs on about the price of them as well. Just saying..........
#160
Re: Carbon tax
I heard on the radio this morning that most of Australia's economists are employed by the banking sector, who stand to gain hugely from the carbon tax, therefore they support it. An example quoted was Malcolm Turnbull, who supported KRudd's emissions trading scheme, and got ditched as the Opposition Leader because of his stance. I'll look out for a podcast of the report, it's not on the website yet. Here's an article from The Age http://www.theage.com.au/national/ec...713-1hdyo.html.
#161
Re: Carbon tax
Part of me thinks maybe a lot of people are behaving like fruit cakes over a poorly planned policy, another part thinks of the frogs in boiling water anecdote.
Start the public off gently to get the systems in place before ratcheting up the pressure, akin to the Fuel Price Escalator in the UK during the 90's .
Start the public off gently to get the systems in place before ratcheting up the pressure, akin to the Fuel Price Escalator in the UK during the 90's .
#162
BE Forum Addict
Joined: Oct 2009
Location: Perth
Posts: 2,237
Re: Carbon tax
Turnbull was a banker, so like most of the other bankers in the survey (who happened to be economists), they support an ETS/carbon tax. Turnbull's training was as a lawyer, and he was also an entrepreneur. Interestingly, Abbott studied economics and law at uni. Both were Rhodes Scholars at Oxford.
#163
Re: Carbon tax
Turnbull was a banker, so like most of the other bankers in the survey (who happened to be economists), they support an ETS/carbon tax. Turnbull's training was as a lawyer, and he was also an entrepreneur. Interestingly, Abbott studied economics and law at uni. Both were Rhodes Scholars at Oxford.
#164
Devil's Advocate
Joined: Feb 2008
Location: Mandurah
Posts: 2,269
Re: Carbon tax
The business I run is indirectly a significant polluter so we get hit, but we also get lots of credits back. Is that going to motivate? Not really as we all know we cannot change laws of chemistry to reduce power consumption. Our product, going into one of the rare value adding export industries will just make the whole chain less competitive globally. Yep that's good for Australia.
#165
Banned
Joined: Aug 2008
Posts: 22,348
Re: Carbon tax
Part of me thinks maybe a lot of people are behaving like fruit cakes over a poorly planned policy, another part thinks of the frogs in boiling water anecdote.
Start the public off gently to get the systems in place before ratcheting up the pressure, akin to the Fuel Price Escalator in the UK during the 90's .
Start the public off gently to get the systems in place before ratcheting up the pressure, akin to the Fuel Price Escalator in the UK during the 90's .
...Softly softly catchee monkey