It is sense not sence. And you are talking neither.
There is no certainty with the Carbon Tax. It will come in at $23pt and go to $29pt. Then the floor price will kick in at $15. General opinion is it will immediately drop to that price. Then when the ETS is fully operational the price will drop to probably around $4-5pt.
Explain to me how a price drop of 80% or so provides certainty? Explain to me how that will encourage any company to spend billions to go to a non-carbon based energy supply?
No massive debt? An average deficit over the last four years of $43B per year! A net financial position going from - $17B to - $240B in just four years and we dont have a massive debt? Public debt to GDP from 1.7% to around 17% and you see no cause for concern? Ireland before bailing out its banks had a ration of just 25%. It is now 95%. Our private debt is one of the highest in the world.
We may have forecasted a surplus but even with all the trickery of front and end-loading to avoid expenses in the next financial year, and they total over $30B, we will not get a surplus.
