Environmentally concerned or just plain Wealth Redistribution?

The Govt is not interested in whether Climate Change is man made or not, they have no intention beyond wealth redistribution through unjust taxing of middle and higher income earners.


Australia's population in 2009 was 21,874,900.

There were 12,500,000 registered personal Income Tax earners in 2008/2009

1,107,000 of the registered taxpayers who earned $80,000+ a year so would be liable for the full Carbon Tax with no compensation.

They paid $86,698,150,000 in taxation for this year.

There were 11,193,000 registered taxpayers who earned less than $80,000 and therefore will be given some compensation for the Carbon Tax.

They paid $90,236,850,000 in tax for this year.

Besides what business will be forced to pay, the 1,107,000 taxpayers that earn above $80,000 a year will pay the full Carbon Tax and will be having to contribute to compensating business and the 11,193,000 taxpayers who earn less than $80,000.

These figures were collated from data available through ATO for the 2009 year.

The diagram above shows Income Tax is already the single biggest revenue for the Government and still they continue to tax us more and more.

This has to be considered ridiculous in anyone's language, especially when the Government continually emphasise the tax is aimed at the biggest polluters in the country, well personally,

I don't even smoke, but I guess I am still guilty of breathing.

Environmentally concerned or just plain Wealth Redistribution?

The Govt is not interested in whether Climate Change is man made or not, they have no intention beyond wealth redistribution through unjust taxing of middle and higher income earners.


Australia's population in 2009 was 21,874,900.

There were 12,500,000 registered personal Income Tax earners in 2008/2009

1,107,000 of the registered taxpayers who earned $80,000+ a year so would be liable for the full Carbon Tax with no compensation.

They paid $86,698,150,000 in taxation for this year.

There were 11,193,000 registered taxpayers who earned less than $80,000 and therefore will be given some compensation for the Carbon Tax.

They paid $90,236,850,000 in tax for this year.

Besides what business will be forced to pay, the 1,107,000 taxpayers that earn above $80,000 a year will pay the full Carbon Tax and will be having to contribute to compensating business and the 11,193,000 taxpayers who earn less than $80,000.

These figures were collated from data available through ATO for the 2009 year.

The diagram above shows Income Tax is already the single biggest revenue for the Government and still they continue to tax us more and more.

This has to be considered ridiculous in anyone's language, especially when the Government continually emphasise the tax is aimed at the biggest polluters in the country, well personally,

I don't even smoke, but I guess I am still guilty of breathing.

Terms of Reference for Garnaut update

I GREG COMBET, Minister for Climate Change and Energy Efficiency, hereby commission Professor Ross Garnaut to update significant elements of his 2008 Garnaut Climate Change Review ('the 2008 Review'), and to report by 31 May 2011.

The review update will update elements of the Climate Change Review where:

• significant changes have occurred, or the sum of expert knowledge has increased, since the original analysis for the 2008 Review was undertaken; and
• where such changes or improvements in expert knowledge could have significant implications for the key findings and recommendations of the 2008 Review, such that they should be updated.

The Review Update should consider:

• international developments on climate change mitigation efforts;
• developments in climate change science, and understanding of climate change impacts;
• previous proposals to develop a carbon price in Australia, and the ensuing public debate;
• domestic and international emissions trends;
• changes in low emissions technology costs and availability;
• the potential for abatement within the land sector; and
• developments in the Australian electricity market.

Throughout the Review Update, consultation with key stakeholders will be required to understand views and inform analysis.

A series of publicly released papers is to be prepared between November 2010 and March 2011. A final report is to be presented to the Government by 31 May 2011.

The Report will embody the independent judgments of its author.

It appears the issues in the Terms of Reference aren't really important, like India 's Carbon Pricing, USA not resigning with the Kyoto agreement and one of their states actually dismantling a similar Carbon Tax policy as being too hard on the people.

The significant developments in Climate Change science debunking the man made alarmists theory is also not only not addressed, they went as far as deciding to ignore the science??? This goes on and on, and these Terms of Reference shows Combet and Garnaut ignore the process and makes it up as they go along

Middle and lower income earners are insignificant to the overpaid Greens and Labor Ministers

Cornered on the fact that he wants to destroy the coal industry, Brown tried a denial. Then Uhlmann read out quotes from Brown: "Australia must urgently kick the coal habit" and the government must "commit to a plan to phase out coal exports". Brown smoothly changed tack.

Brown: "Sorry Chris, but Treasury has no intention of shutting the (coal) industry down."

Uhlmann: "No, but you do."

Brown: "No, I'm not ... "

Uhlmann: "Didn't you say, in 2007, that we have to 'kick the coal habit'?"

Brown: "No, I did not. You're looking at the Murdoch press where I said back in 2007 we should look at coal exports with a view to phasing them out down the line."

Uhlmann: "It wasn't the Murdoch press, it was a comment piece you wrote. So you want to phase out the coal industry?"

Brown: "The world is going to do that because it is causing massive economic damage through the impact of climate change."

Uhlmann: "But the simple question is, how would you replace the $50 million a year in export income that comes by way of coal, an industry that you'd shut down?"

Brown: "You go to renewables."

What Brown didn't say, but which his offsiders revealed this week, is the crippling cost of replacing coal.

These are the people with whom Julia Gillard has chosen to share power.

This is easy for The Greens to say, forgetting the issue that the MP and Senators are earning good money, at least 4 of these are professionals.

Bob Brown - TAS - Bachelor of Medicine and Surgery degree. One way or another he will not get hurt by a Carbon Tax.

Richard Di Natale - Vic - Masters in Public Health, a Masters in Health Sciences and is a Fellow of the Australian Faculty of Public Health Medicine. - Well he isn't going to be hurt with a Carbon Tax either.

Penny Wright - SA - She spent 20 years working as a lawyer. - No problem dealing with a Carbon Tax

Larissa Waters - Qld - Waters works as an Environmental Lawyer in a private firm - another Lawyer who will not be particularly affected by the Carbon Tax.

Adam Bandt - Vic - Prior to his election to parliament, Bandt was an industrial, labor relations and public interest lawyer living in Parkville. He was a partner at Slater and Gordon and is currently completing his PhD in law and politics from Monash University. His PhD thesis was "Work to Rule: Rethinking Marx, Pashukanis and Law". [3] At Murdoch University, Bandt was a student activist and member of the Left Alliance. At that time he has been quoted as calling the Greens a "bourgeois" party. - He wouldn't notice the Carbon Tax and recognises it will help to kill off the Middle Income class of people.

These Upper class Greens that insist on hitting us hard with a Carbon Tax can afford to say this, they are not the ones that will be hurt by it. This is the case for many of those that support this tax, most on good upper income wages. They do not care that the Middle income earners will be in a world of pain and IF the lower income earners really do receive compensation they will not be compensated for the increase in prices as the cost of living raises across the board.

The Watermelon republic

Link

This story in The Australian of 28 May 2011http://www.theaustralian.com.au/national-affairs/baby-boom-to-baby-... claims the modern demographic means the baby boomer years have meant we have too many people retiring and not enough 15 year olds entering job market. The trouble with this is they always want a quick fix to help fudge their numbers and so this goes around and around.

Under this Government, it does not make it worthwhile for people to strive to reach the next level of pay for they know they will be far worse off with this Governments attempts to kill off the middle class through taxation, known as equalization . They want 2 Classes the Party and the workers.....hmmmm sounds like Communism doesn't it? If people were able to afford to retire self funded we would have a far greater spread of retirees and it would not create as big an issue. The Government is now forcing 15 year olds to remain in school until later and this inflates this ratio even more. They are even going to force young mothers to abandon their 6 month old babies and return to education, this will not help us to teach youth to be more nurturing though, it will tell them they can leave their child and get on with whatever they like as, the Government has insisted the bond be broken

Skilled immigration levels were always increased or decreased depending on Australia's needs and this should still be maintained, however, the rate we are attracting an unwanted element of people willing to enter Australia regardless of the law, we will need to increase the police force to counter the unlawful element of society thanks to a closed minded Government, unless this Government want to import these as well to increase police numbers?

I know I am sick of this Government and their need to destroy Australian society so they can continue to mould us into a Communist state. This Parliament was formed on lies, bribery and threat, and will stop at nothing to achieve their purpose They assassinated their own PM and then sent his body around, so far, 384,000 kms of the world to avoid the embarrassment. They have refused to take action on asylum seeker arrivals, with the only concession being to enter an agreement that will mean we get rid of 800 and receive 4000, they are building workforce through immigration. They have opened their arms to China and invited their military to enter Australian waters any time.

We can only speculate where this will end, but remember the PM is a self confessed Communist, at least 3 of the Greens, 1 in the Lower House and 2 in the Senate are self confessed Communists, and these people wield the most power in Australian politics, so call me paranoid, but be warned as our rights and way of life is being stripped away from under us, and they don't care what the public are saying.

A special Event

On the weekend a very special gathering occurred, no it was not a family reunion, not was it the opening of a bridge, or hospital. This gathering was far more spectacular you see over 2000 people gathered at Port Macquarie to have their say and let their local member know, they are angry the man they elected has betrayed them all. You see they voted for an Independent, who was easily turned by the Gillard Government and supports a Carbon Tax. This Independent, has listened and learnt from this PM as he freely says everyone knew he was for a Carbon Tax, but thought a ETS was the best. Well after doing research he had NEVER mentioned a Carbon Tax, although he had shown a support for an ETS, these 2 items are not one in the same and the Carbon Tax will hurt every family member in Australia, and Gillard used the ETS as her way of disposing of KRudd,. He also believed in better internet speeds for regional areas, and even though the cost to Australia far out weighed it's usefulness he supported Gillard's NBN, the proof of what this is like is in in it's management.

This could have been accepted and he been forgiven had he said when the Government policies started to fall apart, and the NBN increase in cost by $20 odd billion with no realistic expectation it would fulfil it's promise, ENOUGH I am withdrawing my support for this Government and will see us go to the next election and let the people decide what they want. This is where people saw him for who he really is, a man who prefers 17 mins of fame than representing his constituents.

There was a real level at anger for this Independent, and hence people that had never attended a rally before came out to have their voices heard and to send a message not only to their local member, but also to the Gillard Government.

Mr Oakshott was invited to attend, however he obviously was busy this day. A shame as he seemed so eager to debate Ray Hadlee of 2GB on Climate Change, he would have had an opportunity to debate any one of 3 National Party members, as well as climate change scientist. That's just not cool man.

This event was handled expertly by CATA, and supported by several other groups together with good numbers of Port Macquarie locals. and people from Sydney, Canberra, and other centres around NSW. I would like to thank each and every person that attended this day for making it such a resounding success.

Kev's Site: Rothschild Australia and E3 International to take the lead in the global carbon trading market

Rothschild Australia and E3 International to take the lead in the global carbon trading market

Sydney, Australia - Rothschild Australia and E3 International are set to become key players in the international carbon credit trading market, an emerging commodity market that analysts estimate could be worth up to US$150 billion by 2012.

In a move that will re-shape the fledgling emissions trading market, Rothschild Australia and E3 International today announced their intention to launch the Carbon Ring Consortium -- an investment vehicle that will provide companies in the Asia Pacific Region with an innovative way of learning about and understanding their risks in the new carbon market.

The Carbon Ring Consortium is the first of its kind in the Asia-Pacific Region, and is the first in a series of private investment vehicles that Carbon Ring Pty Ltd will launch in coming years.

Richard Martin, the chief executive officer of Rothschild Australia said, "With recent developments in international climate change policy, the question is no longer if, but when the global carbon trading market will emerge. Rothschild Australia, through Carbon Ring, intends to be at the forefront of this market, providing private investment vehicles to companies seeking to offset their greenhouse gas emissions liabilities."

The Carbon Ring Consortium allows companies with a future carbon liability to purchase a range of carbon credits and obtain a practical insight into the operation of this new market. Carbon credits will be bought from domestic and international projects that achieve a reduction in greenhouse gas emissions. These carbon credits will be distributed pro rata to Consortium investors.

"The Carbon Ring Consortium is an important first step for Rothschild and for our clients," said Mr. Martin.

"The Consortium should appeal to companies that are faced with a greenhouse liability and are significant users or producers of energy, such as electricity generators, heavy industrials, oil companies, major manufacturers or airlines, amongst many others.

"It provides investors with an opportunity to learn about the market through an investment in a low risk, low cost investment vehicle, created specifically to acquire a diverse range of carbon credits. Participants will also share in significant knowledge and intellectual property," Mr. Martin said.

During its life, the Carbon Ring Consortium intends to purchase a range of carbon credits, in a range of jurisdictions and from a range of sources. In the process, the Consortium will expose investors to many of the most pressing issues that corporations will have to address if they are to participate in the emerging carbon market. It will also give investors a practical insight into the buying and selling of carbon credits in the present market, without the need to invest in significant trading infrastructure or to assume undue risk.

Mr. Martin believes that there are many reasons why an organisation would invest in the Consortium: gaining practical experience in an emerging market; offsetting their greenhouse gas emissions; hedging their investments in new infrastructure; or in response to the expectations of the public, customers or shareholders.

Craig Windram, the director of E3 International and a partner in Carbon Ring, said, "A carbon liability brings with it considerable financial risk for organisations, and early planning to deal with this risk will add to an organisation's competitive advantage -- that's where Carbon Ring comes in.

"Few companies have developed a practical understanding of the emerging carbon market. For companies on either side of the equation, as either buyers or sellers, the Carbon Ring Consortium will provide the opportunity to 'learn by doing'. This experience will be vital in assisting businesses to formulate policy, to understand and identify their risks, and to demonstrate leadership in an area of growing public concern," Mr. Windram said.

The Carbon Ring Consortium is an unregistered, managed investment scheme. Designed to be a tailored, limited-life vehicle, it will document the legal and accounting process involved in the purchase, settlement and distribution of various carbon credit assets.

Requiring an investment of US$100,000, with a portion returned to investors in the form of carbon credits, the Consortium is intended to provide investors with a low cost, low risk and structured entry into this new market.

• About Rothschild

N M Rothschild & Sons has been at the centre of the world's financial markets for more 200 years. Today, the firm is a global investment bank, which provides independent and quality advice to governments, corporations and individuals worldwide through a network of professionals in 40 offices across more than 30 countries. The firm employs 2,500 employees worldwide.

• About E3

The E3 Group is a hybrid organisation dedicated to making the business case for sustainable development. It is part strategic management consultancy, part environmental think tank, part project developer and part investment manager.

The E3 Group comprises a number of companies that have developed around the business of sustainability. The Group includes a conventional consulting business, an environmental software company, a dedicated renewable energy project promoter and the Carbon Ring Consortium. The principal operating company in the group is E3 International Pty Limited, which is headquartered in Australia.

Distributed by PR Newswire on behalf of N M Rothschild and Sons