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  1. #51
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    Mod-pegasus is offline ADMINISTRATOR
    and all that the Lorax left here in this mess was a small pile of rocks with the one word...UNLESS
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    Quote Originally Posted by delirium View Post
    But in order for outgoing payments to almost equal what they are getting in for the tax, that tells me big business isn't paying much. Payments were worked out on a coal price. Those costs on natural resources have taken a dive and business are paying well under what the govt expected when they set the rebates for the mining tax.

    Yet my power bill has risen by 25% with exactly the same useage. It would seem logical that the fact coal has gone right down, thus they paid much less than the govt thought, that their prices should have only increased a bit. Then the govt could have re assessed and dropped the rebate a little bit in line with the fact costs of creating energy has gone down and so has the cost to the consumer.
    The fact that outgoings are nearly equal to incomings for a tax doesn't mean the big business aren't paying a lot.

    It could mean that Wayne Swan didn't do his figures right when working out the rebates.

    However, I think it's a funny example, because as far as I know, the carbon tax was never supposed to make a profit for the government. Wasn't it supposed to help climate change?

    Then again, I think the carbon tax has achieved everything it set out to do - redistribute income.

    I know my power bills have gone up majorly, but I'm pretty sure the main hikes have had nothing to do with the carbon tax. They've been to do with the state government making adjustments

    Maybe check with your power website (from your state), but don't assume that your bill has gone up due to the carbon tax.

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    NancyBlackett  (09-02-2013)

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    The first quarter after the tax come in my electricity bill went from $700 to almost a grand, and we got the same bill within $50 or so for a few years. It has stayed that amount. It is most certainly been the carbon tax.

    It is proven natural resource costs are quite low. Therefore big business is paying less, yet the prices has gone up a huge amount.

    Each to their own but I 100% believe big business especially the energy companies are laughing their way to the bank. They have sky rocketed costs of power in anticipation of high costs from the tax then to produce the energy. Those costs on both fronts have been way lower than expected. Yet they have not passed the savings onto the consumer.

  4. #53
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    and all that the Lorax left here in this mess was a small pile of rocks with the one word...UNLESS
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    Our energy company states the cost attributable to the carbon tax, and our costs rose drastically due to other factors. I'll see if I can find details for other states. The timing of rises aren't necessarily linked.

    Anyway projection of the tax was that it would raise prices, not that it would raise revenue for the government. Hence the rebates.

    I never agreed with it because I don't believe it will affect the climate.

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