What could Australia do with an extra $17 billion a year?
A fair tax on the gas we sell overseas could bring in around $17 billion a year. Every year.
Right now it brings in less than beer excise.
Here's what their tab could pay for.
The options
Here's the deal.
Australia is one of the biggest gas exporters in the world. We sell more of it than Qatar.
The companies that do the selling pay almost nothing back. The tax on gas exports brings in less than beer excise. Less than what students owe in HECS. Less than the GST raised on cigarettes.
That isn't a free market. That's a free ride.
It's time to hand them the bill.