Forums > General Discussion   Shooting the breeze...

CO2 Taxation Australia

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Created by FlySurfer > 9 months ago, 8 Jul 2011
FlySurfer
NSW, 4453 posts
8 Jul 2011 2:11PM
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So I've been thinking about the benefits. Now I love Earth, it's a really pretty little planet and I've got no where else to go.

I understand there are some megalomaniacs out there that have no talent but to tell people what they can and can't do.

I also understand CO2 isn't a very powerful greenhouse gas, with almost 0 effect on temperature.

So what are the Pro's and Con's of CO2 emissions tax?

Pro's
1.- Environment? Well any taxation reduces the citizens prosperity, so it stands to reason that this will reduce consumption. Any reduction in consumption will be beneficial to our planet because of our mostly parasitic relationship.

Also since it will affect our prosperity it should also:
2.- Decrease traffic and smog.
3.- Reduce net immigration cos of the lower standard of living to work ratio (Australia is already on average is the most expensive place to live in the world at our current exchange rate).

So 3 Pro's.

Con's:
1.- Increase crime + underground economy.
2.- Increase unemployment (all general taxes do this, as they constrain GDP growth).
3.- Reduce population health... less money to buy good food, medicines, etc.


So what y'all reckon? List your pro's and con's.


felixdcat
WA, 3519 posts
8 Jul 2011 12:21PM
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Pro's: ?????????
Con's: less money in my fun budget![}:)]

dinsdale
WA, 1227 posts
8 Jul 2011 1:57PM
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FlySurfer said...
[So I've been thinking about the benefits. Now I love Earth, it's a really pretty little planet and I've got no where else to go.

Don't tell barn that .

Adoy
NSW, 238 posts
8 Jul 2011 4:04PM
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Julia gillard says 'there is more carbon dioxide now then 1 million years ago'
But...
Five hundred million years ago carbon dioxide was 20 times more prevalent than today, decreasing to 4–5 times during the Jurassic period and then slowly declining with a particularly swift reduction occurring 49 million years ago (wikipedia excerpt)

I guess the world has its own way of balancing things out.

Gizmo
SA, 2865 posts
8 Jul 2011 8:49PM
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I know what a litre of milk looks like, I know what 2 litres of orange juice is....I know what 9KG of BBQ gas looks like but how much is a Ton of CO2?
And if we are going to be charged for it, how do we know we are not being over charged?
Would you trust your local servo to charge you for what ever they think you have put in the tank?

This is just about the ultimate tax, charge whatever you want, to who ever you want, on something you never see and never having to prove a thing..... Wow this carbon tax thingy is going to be a cake walk for the scammers......

Little Jon
NSW, 2115 posts
8 Jul 2011 9:26PM
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No -one will pay carbon tax when they buy the milk because the tax is levied agsinst the big corporates not consumers. GST is levied on consumers and is the biggest burden on the economy. The corporates are against the carbon tax because they know compteitive pressure will see some of it come out of their margins.

Gizmo
SA, 2865 posts
8 Jul 2011 9:09PM
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On my power and gas bill there is an estimation of how much CO2 they claim I have used so how do I know that is correct?

And do you REALLY think that big companies will absorb any costs and the resulting lower profits .... you must be dreamin !!!!!!

SomeOtherGuy
NSW, 807 posts
8 Jul 2011 9:55PM
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Gizmo said...

On my power and gas bill there is an estimation of how much CO2 they claim I have used so how do I know that is correct?

And do you REALLY think that big companies will absorb any costs and the resulting lower profits .... you must be dreamin !!!!!!


Until one of them works out a way of using another source of energy that doesn't attract the tax and so is cheaper than coal.

BINGO! BIGGER PROFIT!! Yoo bewdy!

It's called C-A-P-I-T-A-L-I-S-M ... look it up. There's bound to be something in Wikipedia on it.

Gizmo
SA, 2865 posts
8 Jul 2011 9:41PM
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So are companies that create CO2 going to be taxed on what they produce .... like carbonated drinks, brewing wine and beer, baking bread etc. or just on what they consume in the way of energy?

Mobydisc
NSW, 9027 posts
8 Jul 2011 10:39PM
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It's quite surprising so many people support a tax that will make life much more financially difficult for so many Australians. Electricity is a major cost for many businesses and this tax will increase their costs.

So basically this tax is a big FU to Australian business, especially small business.

If carbon dioxide was such poison the government would prohibit the export of coal.

AquaPlow
QLD, 1051 posts
8 Jul 2011 11:58PM
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Currently we are paying beween $60 - $100.00**** per ton on our hap -hazard carbon reduction policies - so pegging it lower should be a bonus - or am I missing something here???[}:)][}:)]

**** Source Ross Garnaut - Climate review 2011

Love hearing the Kookies having a larf in the morning!!!

log man
VIC, 8289 posts
9 Jul 2011 1:02AM
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Mobydisc said...

It's quite surprising so many people support a tax that will make life much more financially difficult for so many Australians. Electricity is a major cost for many businesses and this tax will increase their costs.

So basically this tax is a big FU to Australian business, especially small business.

If carbon dioxide was such poison the government would prohibit the export of coal.




Stop your ****ing whining, lift your head up!

shear tip
NSW, 1125 posts
9 Jul 2011 3:17AM
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Little Jon said...
No -one will pay carbon tax when they buy the milk because the tax is levied agsinst the big corporates not consumers....


You haven't really thought this through...

cisco
QLD, 12321 posts
9 Jul 2011 4:31AM
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It's just a Mug's Game.




If the Welsh bitch keeps pushing it she might find out about our Convict Streak!!!

lightwood
VIC, 392 posts
9 Jul 2011 6:09AM
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Little Jon said...

No -one will pay carbon tax when they buy the milk because the tax is levied agsinst the big corporates not consumers. GST is levied on consumers and is the biggest burden on the economy. The corporates are against the carbon tax because they know compteitive pressure will see some of it come out of their margins.






Mobydisc said...

It's quite surprising so many people support a tax that will make life much more financially difficult for so many Australians. Electricity is a major cost for many businesses and this tax will increase their costs.

So basically this tax is a big FU to Australian business, especially small business.

If carbon dioxide was such poison the government would prohibit the export of coal.




^^ thats why milk will cost more, your dreaming if you belive it's coming out of their margins. How is GST a burden on the economy?

Gizmo
SA, 2865 posts
9 Jul 2011 9:53AM
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It's just started, the TAX race is on.. Talking to an engineering company this morning when getting some steel. And the notice on the office door....

"When the CARBON TAX is introduced there will be a price increase for our engineering services to cover the additional costs of Electricity and Welding Gases as many contain CO2..... Sorry but blame Julia"

They have been wanting to increase prices for a while and this way Julia gets the flack not them....

Gizmo
SA, 2865 posts
10 Jul 2011 12:48PM
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Just watching the tax announcement... and in 6 minutes I shouted BINGO !!!!! ....



Gee the Spin Doctors have done a great job, lots of words with not much substance.

Macroscien
QLD, 6806 posts
10 Jul 2011 2:33PM
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Carbon Tax is next human invention off the activities that are completely unrelated to actual progress. It consumes enormous amount of energy by itself and divert activity from that rally matter for our human race survival on this planet. Statistically usually 70% of the of money raised is consumed and wasted in first place by bureaucratic process in first place , next twenty spent on misplaced/miss-concept processes/ investments, maybe five on corruption and last five going to the target.
If any tax is needed at all I will call for one universal: LUXORY TAX
Proportional and applied at all activities not directly related to sustain basic existence and development or science.
ie driving your car to the work is tax free, driving around to do donuts and noise is taxed.
The main point is not that the Carbon emission is good or wrong. The most of the carbon emission is completely unnecessary and avoidable.
So LUXORY TAX is applied progressively to all redundant activities.
Some may call this communism I would prefer to name it programmed scientific development in opposition to jungle war - called market forces society.

CMC
QLD, 3954 posts
10 Jul 2011 3:28PM
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I have been thinking about this today. Here is my theory:

Australia has an aging population. The cost of welfare an reduction of tax revenue from retiring workers is adding to the costs, combined with pressure to return the budget to surplus it is necessary to increase taxes to make ends meet.

Income tax increases would be very unpopulular.

Any government in power would have 2 options, increase GST or introduce a new tax. Increasing GST would also be unpopular as everyone would pay.

BUT what about if you create a way to increase tax revenue in the disguise of a more popular topic. The environment. Younger people identify with this cause and by creating some unsubstantiated hysteria on climate change people are likely to support a tax that supposedly protects them.

When the independents asked the Libs at the last election to show the books there was a gaping hole. This would have been filled by a tax increase, most likely an increase to GST as the right would never impose tax on business.

So, we needed a tax increase. I for one would appreciate some honesty in why we needed it rather than media spin and manufactured hysteria...

cisco
QLD, 12321 posts
10 Jul 2011 3:33PM
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I like your logic. Sounds like you are on the money or there is more than one way to skin a cat.

FlySurfer
NSW, 4453 posts
10 Jul 2011 6:03PM
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Where are the pro's and con's????

Look CO2 tax is gona cost VERY one ~ 2% with a price of $20 a ton.

Personally I think it amounts to treason for any government to do this. They're elected to do what's best for our nation and represent our national view.

If you're favour of this, turn off your damn computer, walk everywhere, live in a tent and STFU!

I already do everything I can do to keep by bills down, I don't rev the car, and I turn my lights off.

If you tax me more, I'm still not going to be able to cut down.

This applies to businesses too. If you tax them more and they can't recover the cost from YOU, then they go under or DON'T invest in new GREENER technology.


So Pro's? Anyone???

Trant
NSW, 601 posts
11 Jul 2011 8:40PM
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Doesn't appear to have done the Swedes much harm. They've had a tax on Carbon for 20 years and it's set at $150 per tonne
en.wikipedia.org/wiki/Carbon_tax
www.guardian.co.uk/environment/2008/apr/29/climatechange.carbonemissions

The tax is credited with spurring a significant move from fossil fuels to biomass. As Swedish Society for Nature Conservation climate change expert Emma Lindberg said, "It was the one major reason that steered society towards climate-friendly solutions. It made polluting more expensive and focused people on finding energy-efficient solutions."[108]
"It increased the use of bioenergy," said University of Lund Professor Thomas Johansson, former director of energy and climate at the UN Development Programme. "It had a major impact in particular on heating. Every city in Sweden uses district heating. Before, coal or oil were used for district heating. Now biomass is used, usually waste from forests and forest industries."
Economic growth appears to be unaffected.[original research?] Between 1990 and 2006, Sweden's economy grew by 44 percent


And, if anyone's interested, China is starting to implement a carbon Emissions Trading Scheme now
news.smh.com.au/breaking-news-national/ets-the-lowest-cost-solution-china-20110330-1cf59.html

Macroscien
QLD, 6806 posts
11 Jul 2011 8:50PM
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Question is
If carbon tax is setup high and is 100% retrievable,

Do you think that governments will be interested in :

a) reducing profit feeding into their budgets every year by stimulating green energy transition and efficiency , to under cut their future profits??

b) will multiply red tape for wind and solar power, electric cars, any green transition to balloon and prosper from newly invented taxation
???

fatwa
TAS, 107 posts
11 Jul 2011 11:25PM
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I'd support this tax if the proceeds actually went to developing cleaner power. Otherwise what's the point?

nebbian
WA, 6277 posts
11 Jul 2011 9:34PM
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A point that a lot of people seem to be missing is...

This system is revenue-neutral.

Trant
NSW, 601 posts
11 Jul 2011 11:43PM
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fatwa said...

I'd support this tax if the proceeds actually went to developing cleaner power. Otherwise what's the point?


If a power company sees greater profit potential in using cleaner power sources (because they won't be subject to tax), then they're more likely to use them.

e.g. If I run 'Trantpower' and it costs me $10 to generate 1MW using coal, but $9 to generate 1MW using solar, then I'm going to see greater profit potential using solar and will spend less on new coal power stations and more on new solar farms.*
Without a carbon tax, it's still cheaper to generate power using coal and therefore my incentive is to use coal and invest in coal power.

The tax is 'supposed' to make clean energy more attractive to industry. (or clean production methods etc.)

* figures pulled out of my a$se ;)

Pugwash
WA, 7671 posts
11 Jul 2011 9:51PM
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nebbian said...

This system is revenue-neutral.


Maybe at the start, but for how long? Gillard and trust? YEAH RIGHT!

How about six new commonwealth government bureaucracies and 22 new programs? Just what we need, more government in our lives.

How about this not being a path, but a cycle. For every business that is damaged, there is less of a base from which to claw (that is the correct word) tax.

I am in disbelief and disgusted at the condescending way Gillard addresses the Australian people.

I don't think the sky is going to fall in just yet, but this another example of striving for mediocrity. Setting Australia to a blue-collar 1970s ideal, where we make stuff, and sweep factory floors. Grab a broom lads, careers are cancelled, jobs are the way of the future!

Seriously - does any actually think the will create "jobs", and if so how?

EDIT: and is so good, why this - www.abc.net.au/news/2011-07-11/poll-predicts-landslide-coalition-victory/2790622

Based on fear in people before the release?

log man
VIC, 8289 posts
12 Jul 2011 1:01AM
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The tide has turned PW. Gillard now has a positive statesman like message to sell that could make Abbotts position very wedged. Those opinion polls are a bit rich though, one lot I saw were saying 50% of greens voters were unhappy with Gillard. But we all know on election day they will all go Labor or Green. I reckon the backroom boys at Liberal HQ will be starting to thjink of plan B

Macroscien
QLD, 6806 posts
12 Jul 2011 1:07AM
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It is easy ( relatively) to introduce a new tax.
It will be extremely difficult to remove one ( suppose that is global cooling in few years time) and carbon tax is not needed.
Instead of removing Carbon Tax they will introduce next one for Warming this time, and we will be paying both at this same time.

pweedas
WA, 4642 posts
11 Jul 2011 11:45PM
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Trant said...

fatwa said...

I'd support this tax if the proceeds actually went to developing cleaner power. Otherwise what's the point?


If a power company sees greater profit potential in using cleaner power sources (because they won't be subject to tax), then they're more likely to use them.

e.g. If I run 'Trantpower' and it costs me $10 to generate 1MW using coal, but $9 to generate 1MW using solar, then I'm going to see greater profit potential using solar and will spend less on new coal power stations and more on new solar farms.*
Without a carbon tax, it's still cheaper to generate power using coal and therefore my incentive is to use coal and invest in coal power.

The tax is 'supposed' to make clean energy more attractive to industry. (or clean production methods etc.)

* figures pulled out of my a$se ;)



Trant, what you have failed to pull out of your butt is an alternative method of producing power at anywhere near the cost it can be pulled out of a coal fired power station. Unfortunately it is about half the cost of the next cleanest alternative which is a gas powered power station. And these still produce bags of "dangerous carbon polution" by-products.
Next off would be wind power but then that is about 3 or 4 times the production cost and only works for about 30% of the time and we don't know what times that will be because we don't know when the wind will blow.
And then we have solar power which is at a similar cost to wind power but it suffers from the same defect in that it only works for less than 25% of the time, and we don't know exactly when that will be except that we do know it only works in the daytime, but we don't know what days.

And finally we have a whole range of pie in the sky alternatives like wave power, hot rocks, tidal power etc etc, non of which have anything like a large scale power production facility anywhere in the world, and in all probability never will because all the small scale demonstration plants show serious deficiencies in their economic viability when transferred to a larger scale.

I haven't mentioned nuclear power because it's seriously on the nose at the moment.

The fact is, if there was a viable alternative to coal fired power stations then the world would have jumped onto it years ago.
Bringing in a $23 a ton tax on carbon will nowhere near be enough to force power production in any other direction than it is presently going and the level of taxation required to force the issue would totally scuttle the whole economy long before change was achieved.

pweedas
WA, 4642 posts
11 Jul 2011 11:57PM
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nebbian said...

A point that a lot of people seem to be missing is...

This system is revenue-neutral.


I think that's because most people believe it will be effect neutral.

In any case, you should have said "overall revenue neutral"

By the governments own announcements, 7 out of 10 households will be no worse off or even better off.
Nine out of ten households will get at least some compensation.

Logically then, this means the final one out of ten households will have to pay for the whole program.
Sounds like another socialist wealth re-distribution program to me.



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"CO2 Taxation Australia" started by FlySurfer