Monday, July 11, 2011

What really happened?

What really happened on Sunday is that our Federal government moved the goalposts.

They have initiated a process to move government away from a focus on taxing income to a focus on taxing carbon.

So all those low tax obsessed conservative capitalists can decide for themselves how much tax they want to pay. If they really want to then they can work to decarbonise their businesses as soon as possible - and the benefit to them is that their tax bill will reduce.

Now that really is a perfect reverse wedge.

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