The Wong Ration-N-Tax Scheme will sell carbon ration cards to increase the cost of carbon fuels, thus forcing consumers to survive on less energy. But it also creates a loophole by allowing industry to buy dodgy foreign ration permits, and allows profiteers to create and trade in these worthless bits of paper.
It will have a trivial effect on global emissions, and no beneficial effects on climate or pollution. But it will destroy real jobs, increase the cost of living, and create a carbon trading bubble economy.
But instead of totally rejecting this silly scheme, the true believers appointed Malcolm Rudd and Penny Macfarlane to fix the unfixable.
The new scheme they concocted will compensate some consumers, at the expense of others, for the increased costs of energy. It also gives free permits to the biggest producers of carbon dioxide. It has even less chance of reducing the use of carbon energy, and can have no beneficial effect on climate or pollution.
Why bother with Wong Lite? The subsidies we get from Canberra are the taxes we sent to Canberra, less freight charges both ways.
Let’s give real industry some real certainty and scrap the whole stupid idea, right now.
Viv Forbes
Rosevale Qld Australia
Viv Forbes, Chairman, The Carbon Sense Coalition, has spent his life working in exploration, mining, farming, infrastructure, financial analysis and political commentary. He has worked for government departments, private companies and now works as a private contractor and farmer.
Viv has also been a guest writer for the Asian Wall Street Journal, Business Queensland and mining newspapers. He was awarded the “Australian Adam Smith Award for Services to the Free Society” in 1988, and has written widely on political, technical and economic subjects.
