Carbon tax cast positively

OPINION

The introduction of the Carbon Tax sparked a lot of media coverage and opinions. These however focus on negative points of the tax, people don’t actually realise the significance of it and the positive implications it has.

Australia is moving towards a greener future, not only combatting pollution but also calling to order companies that operate with no regard to being environmentally or socially responsible.

The Carbon Tax has far more financial ramifications than the reported ‘rise in household goods and increase of air fares’.

It has created a unique market which is not only the fastest growing in the world, but also based in Socially Responsible Investing; promoting reforestation and protecting the environment alongside offsetting pollution.

The Tax not only gives smart investors an opportunity to profit, but it also highlights a change in attitude in investing.

Gone are the days when the only money to be made was by backing corrupt companies like Goldman Sachs and BarCap, which have been accused of aiding the world food crisis to create profit.

We now have a market in which companies like Capital Alternatives can give profits with philanthropy.

Controlling mainstream media have omitted many of the positives which the Carbon Tax brings to Australians. With the introduction of the tax comes an increase of tax thresholds, bringing the tax-free earnings up from $6,000 to $18,000, giving you an extra $12,000 income tax-free annually.

Pensions benefit from increases and the government are making contributions to households to offset bill increases. As usual, the media focus on selling papers and the negative, that being a potential electricity bill increase and not the increase in disposable income and positive environmental conservation for future generations.

This tax marks an environmentally and financially positive step for everyone, and all financially savvy Australians should be made aware of the benefits.

By Max Leeth