Skip to main content ↑ ↓
Topic: Shawny’s concerns about Victorian and Australian Governments  (Read 114620 times) previous topic - next topic
0 Members and 1 Guest are viewing this topic.

Re: Shawny’s concerns about Victorian and Australian Governments

Reply #450 –
Drop won't kick in until tanks are re-filled. All petrol currently in the sevo tanks has full excise paid.

People whinge about how much excise there is and whine when the cut isn't big enough.

Next if some economists are right in that cutting excise will increase inflation, hence interest rates - what's the reaction?

Re: Shawny’s concerns about Victorian and Australian Governments

Reply #451 –
Quote from: dodge – on
Drop won't kick in until tanks are re-filled. All petrol currently in the sevo tanks has full excise paid.

People whinge about how much excise there is and whine when the cut isn't big enough.

Next if some economists are right in that cutting excise will increase inflation, hence interest rates - what's the reaction?
Short term I don't see it increasing inflation as fuel will still be expensive and it's not like it will generate a spending spree because average folk will still be out of pocket.
 

Re: Shawny’s concerns about Victorian and Australian Governments

Reply #452 –
Businesses won't wear the extra fuel cost and will pass it on - everything costs more.

This is where the RBA seems to have no idea - people spend more on essential items not just buying 'stuff' and then increase rates hurting mortgagees and renters further.  The models that RBA need updating since at least Covid.

Re: Shawny’s concerns about Victorian and Australian Governments

Reply #453 –
Quote from: dodge – on
Drop won't kick in until tanks are re-filled. All petrol currently in the sevo tanks has full excise paid.
It's like arbitrage, they keep the price high when taxes fall delaying the cut, but when taxes rise the price rises instantly even though tanks are already full. They screw the punter both ways and blame politicians.
"Extremists on either side will always meet in the Middle!"