fatal flaw in carbon tax

Another poorly and illogical plan by Labor that contains fatal flaws.

The same Labor government can't even get a simple pink batts scheme, the BER and the livestock right. How in the world can anyone trust this government?

Good luck Julia in getting the top four carbon polluters in China, USA, India & Russia signing up to a Carbon Tax/ETS.

No one can save Labor.

http://www.theaustralian.com.au/national-affairs/commentary/fatal-flaw-in-case-for-a-carbon-tax/story-e6frgd0x-1226094872101

THE one thing you need to know about Treasury's modelling of the carbon tax is this: it assumes that by 2016, the US and all the other developed economies that do not have carbon taxes or emissions trading systems in place will have them up and running.

This implies that in next year's US presidential election, likely to be fought at a time of high unemployment, the winning candidate will campaign on the basis of introducing a carbon tax that will go from zero to $30 a tonne in a matter of months. And that tax will then not only get through Congress but in record time.

Moreover, that feat accomplished, by 2021 China will sign up too, and with 14 per cent of the world's population and barely 20 per cent of world income, will agree to shoulder 34 to 35 per cent of the costs of global mitigation. As part of that deal, China's leadership will accept a fall in national living standards, relative to business as usual, of between 5 and 10 per cent, while per capita incomes in the far wealthier US and European Union decline by a fraction of that amount. And with China on board, the rest of the world will join the party.