By Viv Forbes, Chairman,
Killing Australia’s carbon tax is a good idea but it should happen immediately, not later.
But replacing it with an ETS is a very bad idea and should never happen.
The carbon tax is a known amount, simple in principle, needs no bankers or brokers, and all receipts end up in Australian hands. And it is easy to abolish at any time.
The ETS is a variable and unpredictable carbon tax. It creates business uncertainty, is complex in operation, encourages brokers, lawyers and speculators and it will drain our money to middlemen and into the European carbon credit casino. And it will create a growing army of vested interests who will forever oppose its abolition.
Neither the fixed tax nor the vacillating tax will have any beneficial effect on climate.
The carbon tax should be axed, but replaced with . . . NOTHING.
Consumers will be Creamed in the Corrupt Carbon Credit Casino
Some people think an Emissions Trading Scheme (ETS) is superior to a Carbon Tax.
It’s time to expose the corrupt carbon credit casino.
In this casino, producers are forced to pay for emitting the same harmless, colourless, non-polluting, natural gas of life that every human produces in his lungs with every breath.
At the same time, other smarties are paid to promise they will not emit the gas they intended to emit tomorrow.
The size of this carbon tax paid by Australian business will reflect speculations in the ETS of old Europe, where the carbon scam started. Foreigners will collect much of it.
In the middle of the ETS casino, empires of bankers, brokers, speculators, lawyers, auditors and regulators will wax rich by clipping every transaction, and an army of bureaucrats and academics will feed on the government windfall.
And at the end of this feed chain, innocent consumers get creamed.
All of this confirms that we live in a political madhouse.