Friends of the Earth urge Federal govt to act on climate on fifth anniversary of the carbon price repeal

Words are important, price and tax are the problem. When first conceived, words were “fee and dividend”. This means fee charged to company as % of fossil fuel extracted which is then included in prices from service providers to end users. It’s easy to do this, data already provided to Tax Office.

As end users submit annual tax return, Tax Office reimburses dividend for carbon fee paid, also easy, already in place. Super simple and crystal clear.

If money is kept separate from general tax revenue then it’s not a tax. As you get dividend, you’re motivated to spend it on ways of reducing energy consumption, for future savings.


About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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