July 11, 2011
At least the Terrorgraph is consistent: Sydney wins again – "hardest hit" by carbon tax. Yawn.
Apparently it matters to Terrorgraph readers who gets “hit” the hardest. Unsurprisingly it’s Sydney! Congratulations Sydney!
Hardest hit by carbon tax is Sydney | thetelegraph.com.au
Hardest hit by carbon tax is Sydney
But not just Sydney-siders, it’s the struggling ones in particular that will do the heavy lifting for us all, apparently!
Struggling Sydney families will bear the brunt of the tax
Confusingly those same struggling Sydney-siders will presumably miss out on the “spending spree”. Perhaps they all drive trucks or earn over $80K pa.
The government will embark on a $15 billion spending spree today
But no, the Terrorgraph has worked out exactly who will miss out and thus be confined to penury:
the sting comes for almost two million households which will end up out of pocket, being only partially compensated for a 0.7 per cent increase in the cost of living – or receiving no assistance at all.
The compensation package will leave a double-income family in Sydney with two children earning $120,000 of combined income $400 a year out of pocket after tax cuts due to cost of living rises of about $700 a year.
Dual-income $150,000 families with two kids will be $506 worse off under a carbon regime.
A single-income family on $65,000 a year with a child under five will also end up worse off.
And apparently, despite the renewables package and the $23 a tonne disincentive to pollute the whole thing achieves nothing:
Opposition Leader Tony Abbott said millions of Australians would be worse off under the tax: “You have to ask yourself, what is the point of all of this? It will drive up prices, threaten jobs and do nothing for the environment.”
So by that logic Tony Abbott’s renewables package is also a crock. Who’d a thought?