Quote:
Originally Posted by Peter Ward
It was nothing more than a wealth re-distribution tax, high income earners were hit with increased power bills, lower income earners & welfare recipients etc. were given subsidies to carry on as usual.
Billions of $ were given to energy producers in the form of subsidies...which were overly generous and they are now bleating about.... 
Don't get me wrong...I think climate change is real and burning fossil fuels is having a big impact.
The problem for Oz was we were acting like a bunch of vegetarians running an abattoir. Taxing local coal fired energy producers, while they very same coal was being shipped to places like, Pakistan, who claimed their "new" coal fired plants were "cleaner", then claiming a carbon credit to burn the same australian coal !! 
A stupid tax. Glad to see it gone. |
Peter we actually agree on this one. Interestingly AGL just reported a reduction on their years profit due to the removal of the Carbon Tax. Apparently the Carbon Tax makes renewable energy more valuable. What a load of rubbish, we as the end user pay the tax and not the generators or the retailers so the tax is actually cost neutral to a company like AGL. Oh I have forgotten about the other Carbon/renewable energy/ tradable item. The REC system which does make Green energy more valuable but also more expensive to buy and use. I would have thought the idea was to make renewable energy a more widely used commodity not to price it higher than the coal based energy. Funny with the addition of a REC renewable energy is still dearer or more expensive to buy than the same unit of electricity from a coal fired generator even with the addition of a carbon tax..
I suppose it was just the Labor Party doing what it does best, Spend up big then tax the hell out of us and still leave a huge debt for the next Government to bail out. History seems to prove this.
It was just another tax we didn't need and now it's just a wait to see how much it is really going to cost us all.