Gas tax
Posted by D
The federal govt. reckons its new lpg excise tax will be neutral in its impact.
Excise taxes stuffed, in the 1970’s, a promising brandy market, with vineyards having stored in cellar fine cognac quality brandy which they had to virtually ditch.Because of WET the wine industry is in strife, contrary to some pundits, the high Oz dollar is not the culprit in the declining profitabilty, it is govt. extortion that is doing the damage.
WET is not levied on exported wine but, revenue from wine exports is mostly breakeven returns,profits are built up out of the domestic market. This point underscores why the ex-cfo of Southcorp attempted to establish their own logistics base in the U.S. A mistaken, vain idea but understandable in motive but not the financial and selling rationale .Marking this, the trend has been downwards as of four years ago, when, that is, WET was introduced.
Then there is the other problem: each 1 dollar of tax actually costs, at the minimum, $3, before trying to unravel the losses of govt. consumption due to the distortion of markets that induces; apart from the not modest consideration what govts purportedly supply is mostly garbabage whose only real beneficiaries are careerahist bullshit artists and jumped up clerks like those of ATO,DSS,Education,Environment,Transport, and so on and on and on.
No , your LPG excise will, like every other damned tax and spend and grab more policies of each tier of govt., cause real damage, imposes real losses which, along with scams like IRC, ensures some Australians are notionally not in poverty because of the scam DSS and why many more are edging closer to their subsistence line.
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