Part 4/10:
The Flawed Logic Behind Reintroducing a Carbon Tax
Supporters claim a carbon tax is an efficient way to reduce emissions and replace costly green schemes. Currently, Australia spends nearly $30 billion on renewable energy initiatives and subsidies aimed at lowering emissions. However, critics contend that a new carbon tax would not eliminate these costs; instead, it would add yet another layer of financial burden on consumers and industry—akin to the failure of the Goods and Services Tax (GST) in curbing state taxes, which have continually increased.