Who Believes Groceries Are getting Expensive??

Discussion in 'Markets & Economies' started by hiho, Jun 14, 2011.

  1. hiho

    hiho Active Member Silver Stacker

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    Well prepare for more checkout pain

    http://www.news.com.au/money/carbon...rs-on-big-brands/story-e6frfmci-1226074558811

    Carbon tax to lift prices for consumers on big brands


    Shopper Jane Orton, with her children Jack 7, Alice 5, and Annie 3, already shells out $300 a fortnight on groceries. Source: The Daily Telegraph

    Carbon tax will increase prices of big brands
    Fears tax will hurt Australian exports
    Warning: Coal tax will force mines to close

    CONSUMERS will be slugged with price rises on everyday items like milk, cheese, chocolate and pizza's as the carbon tax puts the squeeze on retailers and producers.

    Even plane tickets and phone bills won't be spared when the Gillard government's greenhouse emissions scheme comes into effect as early as July 2012.

    While Labor is preparing to compensate pensioners and low-income families, supermarket bosses are predicting across-the-board price rises.

    Bega Cheese executive chairman Barry Irvin is also worried about the impact on the company's export business, including milk powder sales to Asia.

    "Anything that adds to our inability to compete is a challenge for us. The reality is that it's about our competitiveness in the international marketplace," he said.

    Despite Canberra's spin that only the biggest polluters will face extra costs, the effect of a carbon tax will be felt on companies as diverse as the Uniting Church Property Trust, Nestle and Tabcorp.

    Telstra, Optus and other telcos will also consider passing on higher energy costs to customers.

    The Australian Coal Association claims that the carbon tax could force eight black coalmines to close, costing nearly 3000 jobs in regional NSW and more than 1100 jobs in Queensland in its first three years.

    Murray Goulburn, with its 2700 dairy farmer shareholders claims it faces annual cost rises of up to $10,000 each.

    Robert Poole, head of industry and government affairs at Australia's biggest milk producer, said it was "highly likely" that dairy farm businesses will "still see significant additional costs from a carbon tax" due to higher costs of electricity, fertiliser and fuel.

    And farmers will be forced to absorb this extra cost rather than pass it on to consumers, he said, "given that the price of dairy products is primarily set by international factors".

    Coca-Cola Amatil group managing director Terry Davis is also worried about the impact of a carbon tax on local manufacturing.

    "Any costs associated with a carbon tax would be passed on (to consumers)," he said. "Our view is that a carbon tax is discriminatory because it advantages imported goods."

    Based on a $26 a tonne carbon price, Wesfarmers - owner of Coles, Target and Kmart - faces extra annual costs of $134 million.

    This is based on calculating the direct costs of a carbon price, known as Scope 1 emissions, along with Scope 2 emissions, which measure the indirect costs of polluting based on energy consumption.

    Woolworths' annual bill will rise by $73 million, while Qantas faces a yearly rise of $108 million. The company expects domestic ticket prices to increase by up to $4.

    Retailer Harvey Norman is facing extra costs of $4.7 million, with boss Gerry Harvey saying his electricity bill will likely increase by 12.5 per cent under a carbon tax.

    Despite the government's offer of compensation for some consumers, Mr Harvey believes it "won't be a positive for retail. The majority of retail is in a pretty sorry state. If the mining boom disappears, we are in a bad way".

    Chief executive of grocery wholesaler Metcash, Andrew Reitzer, also warned that struggling families would suffer, telling the ABC: "I think it's going to push prices up - the question is by how much. All I can tell you, the consumer's going to pay for it."

    Carbon: The cost on business.

    Westfarmers:$134m
    Qantas: $108m
    Woolworths: $73m
    Telstra: $37m
    Nestle Australia: $5.4m
    Coca Cola: $4.8m
    ALDI: $4.5m
    Tabcorp: $4m
    McDonalds: $3.4m
    Cadbury: $2.4m
    Virgin Blue: $45m
    Murray Golbourn: $16.7m
    Tiger Airways: $5.3m
    Harvey Norman: $4.7m
    Competitive Foods: $3.7m
    Bega cheese: $3.5m
    Mars Australia: $3.3m
    Uniting Church Property Trust: $2.5m

    Source: Dept of Climate Change - National Greenhouse and Energy Reporting. Calculations based on a carbon price of $26 per tonne, combining Scope 1 and 2 emissions.

    Read more: http://www.news.com.au/money/carbon...ds/story-e6frfmci-1226074558811#ixzz1PCxgLGbJ
     
  2. thatguy

    thatguy Active Member

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    may as well just give our future away to Asia
    :( nuff said
     
  3. Old Codger

    Old Codger Active Member Silver Stacker

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    "believe"?

    I am absolutely CERTAIN!
     
  4. hiho

    hiho Active Member Silver Stacker

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    I try to ignore the mainstream but when is enough enough?
     
  5. Ouch

    Ouch Active Member

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  6. fishball

    fishball New Member Silver Stacker

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    Gotta hate this government...

    This is going to hit home and cause a lot of families to be in financial 'distress', the retailers will pass all or most of the costs to the public :|

    On the bright side maybe next time the general populace won't vote labor or liberal. Nothing like a harsh lesson to teach them politics.

    Kinda feel sorry for the companies too, if you look at that list banks aren't there. What a crock.
     
  7. Ouch

    Ouch Active Member

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  8. Old Codger

    Old Codger Active Member Silver Stacker

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    Read somewhere that even if there is a change of government, the 'Carbon Tax' cannot be repealed as the greens will kill it in the Senate.

    Maybe they can simply stop collecting/enforcing it, or maybe just rebate it back to the payers???



    OC
     
  9. fishball

    fishball New Member Silver Stacker

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    And..what about soaring postage costs courtesy of Australia PieceOfSh*T

    Next month raising prices already, gonna cost 10 bucks to mail anything registered...and that's without this stupid tax.

    One can only imagine how they're gonna price gouge us >_>

    It may be cheaper to buy a bag coated with 99.99% gold than a platinum express bag.
     
  10. thatguy

    thatguy Active Member

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    Its alright sheeple once they fix global warming they'll remove the tax and all the money taken will be redistributed in a wise fashion back to the Australian sheeple not given to Elite of this world who are a bit down on their cashola. I'm really looking forward to having global warming fixed... arn't you?
     
  11. Ouch

    Ouch Active Member

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  12. thatguy

    thatguy Active Member

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  13. hiho

    hiho Active Member Silver Stacker

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    Its a slippery but coagulated slope

    / Labor \
    / Green \
    /Communist\
     
  14. fishball

    fishball New Member Silver Stacker

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    Gillard is gonna go down in history as the dumbest PM of all time lol.

    Taxing the crap out of a 2-speed, slowing economy all for the goal of reaching her retarded budget surplus. Probably won't reach it too, at the rate things are going.
     
  15. malachii

    malachii Well-Known Member

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    We'll reach the budget surplus - there is no way in hell that they will let that go.

    Trouble is - when they dont raise enough in taxes they will "spin" the rest and we'll be none the wiser. Then we'll be paying more interest on the part that we thought we had paid.

    malachii
     
  16. Ouch

    Ouch Active Member

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    Link? What link? I'm just trying to increase my post count with one-liner posts. :D
     
  17. Mr Medved

    Mr Medved Member

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    They're all pro- big government, central planning, tax tax tax, strip away property rights, strip away rights of the individual, etc.
     
  18. thatguy

    thatguy Active Member

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  19. euphoria

    euphoria New Member

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  20. PerthStack

    PerthStack Member

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    That's why I prefer a tax as opposed to a trading system. At least tax generated may be spent on us taxpayers, a traded system will funnel all revenue into the hands of the financiers and associated boys clubs with nothing for us regular consumers.
     

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