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08 Feb, 2025
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Why the carbon tax?
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In ancient times, rulers, emperors, and kings primarily raised taxes for funding and fighting wars. In contemporary societies, taxation serves as a means for governments to bolster their finances. Numerous strategies are investigated to intentionally generate additional revenue. Historically, there were taxes on windows, bricks, corn, and even tea. Politicians invest significant time searching for methods to reduce expenditures. They claim that funds are necessary for fostering future growth. Yet, in reality, they are focused on finding new tax avenues—such as purchase tax, poll tax, house purchase tax, value-added tax, car tax, GST, as well as taxes on cigarettes and alcohol. Given this plethora of taxes, why is there a need for yet another one? Is it possible for Australia to significantly reduce its carbon emissions? Can Australia play a role in saving the planet? Should we consider banning cars and airplanes? What if we transitioned from fossil fuels to renewable sources like seaweed and solar energy? Can you envision a government that has innovative solutions capable of managing our future needs? Do they have a clear understanding of the tax revenue expected now and in the future? What plans do they have for this surplus revenue? Welfare programs and measures to win votes, all aimed at assisting low-income earners and pensioners. Why not take bold action and abolish income tax altogether? Imagine constructing an additional 200 hospitals, 100 universities, or boosting the police force by 5000 personnel. Is that not feasible? It merely requires the right determination. However, regrettably, we remain unsure about the proportions of cash flow, whether income or expenditure, or if implementing a carbon tax is indeed the optimal strategy for our growth. How much consideration has been devoted to environmental initiatives? What repercussions will industries face if mistakes are made in this approach? Australia’s significant strength lies in its mineral resources. Should we heed the politicians who assert these minerals belong to all, or trust the industrialists that developed these entities? Whom would you depend on for managing the industry? So many inquiries…yet so few answers. Allow me to share my view. Let’s thoroughly investigate the carbon tax and all related environmental concerns, and only when a clear and measurable policy is established should we proceed with trial implementations. Before sprinting, it’s important to learn to walk. There’s no urgency…or is there? I might be mistaken, of course. I have faith in our Prime Minister; she demonstrates strength and determination. What are your thoughts…are we on the right path or acting too hastily? Feel free to express your opinions in the comments section…there’s often more than one resolution to a dilemma. by D.W. Mason, mg
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