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Saying 'Yes' to what? : Comments
By Sophie Trevitt, published 15/6/2011The Garnaut and Productivity Commission reports don't answer all the questions on a carbon tax, but they answer many.
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2 x parts oxygen and 1 x part carbon.
It would be much more sellable as a tax at say $60 per ton if we rebated $40 per ton for the oxygen.
We would then be paying only $20 per ton. The government can then legitimately claim this oxygen rebate as an offset back to householders at $40 per ton for the oxygen.
The cumulative amount at $40 per ton is paid at the end of June each year which then increases your income by this amount and is taxed at the marginal rate (or reduces your pension or other Centrelink grants).
The tax collected is then given to polluters in the following tax year and increases their company earnings. We then apply the mining tax to miners and the CO2 tax to all other businesses. The Electricity Generators are charged the full carbon and oxygen tax (because we cannot separate the trace gas into its component parts). They pay the carbon component to the government as a carbon pollution tax but claim a rebate on the oxygen.
We retain 10% of the carbon pollution income so that our government can meet its obligations to the UN so that they in turn can pay the Indonesians to stop destroying their forests to grow the Palm Oil that Australia currently subsidizes them to produce.
They then become dependent on us for their food and we can increase the margins on food exports to cover the cost of oxygen rebates to Australians.
This all seems so simple compared with the complex system currently under review.
Any other suggestions