Senator Joyce said today he was not at all surprised that the Business Council of Australia has broken into two groups.

 

One which shuffles paper and will make an absolute gold mine out of an ETS, and the other, which actually produces things but will pay through the nose.

 

The ETS is the bankers’, brokers’ and bureaucrats’ bonanza.

 

It is mad economics where those that produce things in our nation get taxed and those who add to the overheads, by their role in administration, live in the warm contented glow of a tradeable permit system, where they are the benefactors of the wealth of the trade but in no way responsible for the production of the product.

 

It is also interesting to note that food prices are reportedly going to “surge”, attributable in part to the increased cost of electricity. One can only imagine what will happen to the price of groceries when the ETS is imposed on sheep and cattle.

 

When there is a tax on the carbon equivalent component, the beef and sheep industry will be unviable because they will lack the capacity to pass on the cost but the consumer will indirectly carry those costs because they will be relying on imported food.

 

What an absolutely devastating scheme. We accelerate our loss of food sovereignty, we punish the consumer at the supermarket checkout, we put at threat our major export in coal, we create a gold mine for brokers, bankers and bureaucrats who don’t actually produce anything and we do nothing to change the climate.

 

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