I mean... really, just look at this rubbish...
The government plans to use some of the carbon tax receipts to triple the income threshold before the income tax hits.
Triple the income tax free threshold. Tick. Correct on that one.
In other words, this is in part a scheme to redistribute income from energy users to Labor voters.
How does increasing the tax-free threshold which reduces tax for
all income earners benefit
just Labor voters? Hmm? Anyone??
It is an odd kind of tax reform that narrows the tax base.
No it doesn't. In fact it
widens the tax base by reducing the dependancy on income tax and instead gathering that money from elsewhere (ie the CO2 emitters).
Honestly, if this was really published as an article in WSJ then you'd just have to shake your head and wonder. How did one of the world's most respected newspapers sink so quickly to the level of being toilet paper?
But nifty retort? Nah! Like I tried to point out once before, it's like groundhog day around here. Everyone just keep coming up with the same arguments. On both sides! We can all cut 'n' paste till we're old and tired. Doesn't prove much.
