Source: Jo Nova
In The Carbon Tax that Ate Australia Tony Cox and David Stockwell point out the Australian contributions fly so under the radar (despite being millions of dollars) that even the Australian government seems to have forgotten they agreed to pay them. Greg Combet, the minister for Climate Change promises “every dollar of the Carbon Tax will be given back to the people”:
Every dollar raised by the carbon price will be dedicated to supporting households with any price impacts, and supporting businesses through the transition to a clean energy economy. Because we are a Labor government, we will support the most vulnerable in our community — the people who need help the most.
But Combet in Cancun promised 10% of the Australian carbon tax as a tithe to the UN. (And there’s the $599 million as part of the Fast Start Finance program over three years that is in the pipeline.) So which commitment will the Australian government break? Or, let me guess, in the world of spin, the government can give all the tax money back to Australians because the other 10% “of that” comes from … err… other taxes? (That’s how 100+10 = 100.) Well that’s all right then… let’s call it “tax-creep”. Could the carbon tax quietly be 10% bigger than advertised?