It will be near impossible to repeal the carbon tax


Why?

Namely because PM Gillard is inserting what professor Henry Ergas labels “poison pills” into the 963 pages of legislation that we are being given six days to read.

Essentially, unlike those few other governments around the world who’ve had a (largely failed) shot at carbon (dioxide) trading, Gillard is making sure any carbon credits people own are deemed personal property.

Thus, if the laws were repealed, the government-of-the-day would be, according to section 51 of the Australian Constitution, forced to spend billions upon billions to buy back those permits “on just terms” (kinda like how it was in that movie, The Castle).

This could potentially break the bank, so to speak.

Not only that, but if the regulatory body set up to set the emissions targets fails to come up with one in any given year, then automatically, the target will increase by 10%

Add the $650 billion we will be sending overseas to corrupt regimes like some of the ‘Stans to buy thin air carbon credits, and we are looking at a rolled gold disaster.

Details here.

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    • Merilyn
    • September 21st, 2011

    …..and she is sticking to her guns come hell or high water, talk about stubborn, she really doesn’t want to listen to the people only the Greens and the Independents.

    http://news.ninemsn.com.au/national/8306730/gillard-says-carbon-pricing-here-to-stay

    Meanwhile the Labor Party is slowly dying and it is all due to Julia.

    • elsie
    • September 21st, 2011

    And all the media is interested in is blaming Tony Abbott for absolutely everything, past, present and future. In the 45 years I have lived in Oz, I have never seen any group of people that disgust me more than Gillard, Swan and the rest of the Labor front bench. They are an unspeakably dishonourable and conniving bunch of liars, and their despiccable actions will scar Australia for decades to come.

    • J.M. Heinrichs
    • September 21st, 2011

    Who determines the “just terms”; and why would such not be defined as ‘$1 per kilo-tonne’, as an example? Remember that one carbon ‘exchange’ began with pricing in the $20/T range, but closed doors when the price disappeared below $0.10/T. It all depends on who gets to do the accounts.

    Cheers

    • Merilyn
    • September 22nd, 2011

    Wayne Swan has been named as “the world’s best treasurer”, if he is the best then the others must have been pretty bad!

      • Carpe Jugulum
      • September 22nd, 2011

      He just beat that dude from Zimbabwe o_0

        • Merilyn
        • September 23rd, 2011

        Carpe, that figures! lol

    • Sean of Deer Park
    • September 22nd, 2011

    This is a real worry. Remember, Victoria has just experienced this kind of bastardisation with the Desal Plant. The Libs said they would dismantle and shelve the plant should they win power. The Libs won, then announced the contractual obligations were too costly to realistically repeal the bad policy imposed on the State by the ALP. If the Carbon Tax gets up, we will be in the same predicament on a National scale.

    I am no Constitutional expert, but it is clear “the vibe of the thing” is meant to protect Australia and Australian’s from bad government and bad policy. The Bill’s being put, surely must be unconstitutional on a number of levels. Mainly, the crux of the problem is with ‘definitions’ in the legislation, the fact the current government does not have a mandate to introduce said legislation, and the fact Global Warming is not proven in the first place (which is a separate argument to this one).

    The High Court will be very busy over the next couple of years if we don’t get rid of this government, ASAP!

    Abbott and Co. should come out and warn potential Carbon Permit investors are going to loose all of their money if they invest in this shonky scheme. That way, they cant say they have not been warned of the risk. Set them up to fail on the market before it even begins. As I have stated on these pages before, set the Carbon Price at $0, if it is implemented (that’s probably where you read that before BB :lol:)

    My fear is there are people on all sides of politics that will be ‘investors’ in this scam. The very people we will be relying on to stop it. Was it JM or Carpe, who said something along the lines of; what High Court judge would allow the contracts to be honoured should they be challenged? If only the matter were taken to court to be tested. I still do not understand why Baillieu has not taken the Desal people to task over this States escalating Water Bills and unconstitutional contracts created by Gillard’s mates..

      • J.M. Heinrichs
      • September 22nd, 2011

      Don’t know what the problem is with your governments. We had Jean Chretien and his Liberals take over in 1993; their first major decision was to cancel a multi-billion dollar helicopter contract, with multi-cancellation clauses. It eventually cost over a billion to close down the contract, but the PM wined and dined on that hard-core decision-making example for several years. Then the helicopters which were to have been replaced began crashing …

      The current government may be within its powers to ‘create’ a form of property (depending on a reading of the Constitution Act,1905), but it has not the power to set the price of that property, permanently. It thus lies within the power of the Opposition to announce, in advance, how they plan to adjudicate that property’s value when they close the scheme down, IOW deciding on the ‘just price’ on which one of the ministers was adamant about.

    • You missed last friday’s secret deadmau5 mix, didn’t you.

        • Sean of Deer Park
        • September 22nd, 2011

        Yes. :red:

        • I am this close to telling the Korean education dept. to shove it where the sun don’t shine. Visa status is due to be upgraded.

          Just Youtube “overtime pay in korea”, and click away.

          Fuckheads didn’t even want to ask the nati=ve English teacher his opinion on maybe which English textbook is better.

          Don’t worry. They’re too retarded to read this (or be able to)

          Anyway, last link. It’s good.

          • Sean of Deer Park
          • September 22nd, 2011

          Very good. Just finished listening. A bit different from Deadmau5… this set reminded me of Jean Michel Jarre.

          • Sounded more like a not-quite-perfected deadmau5 to me. If you see his Ustream stuff, he’s one trippy-arse bastard when he wants to be.

            • That said, everyone’s ripping him off these days.

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