Carbon Tax Passed

Finally, the long awaited, long debated, long fought Carbon Tax and associated legislation passed the Australian Federal Senate, making world news.
The Leader of the Opposition, Tony Abbott has said he would repeal the legislation if he wins the next election.  As Australians, we continue to struggle with the reality of a minority government, with special interest groups/individuals finally having the chance to make various changes.
This has lead many to say Julia Gillard has no mandate. Given she successfully negotiated a workable (or sometimes workable) government and has been able to push through the Carbon Tax and associated legislation after squandering what mandate the Labor party had previously under Kevin Rudd, I think it means there is a mandate, but only a slim one.
Treasury models show the difference the Carbon Tax may make:

Targets for Action

 and try this link: Again from Treasury Modelling .http://www.abc.net.au/news/linkableblob/2790092/data.png.

In light of Wall Street jitters, Greek bankrupcy, Italian shenanigans (+ or - Berlusconi) we are all wondering what the rest of the world will do to us and I for one am pleased the Carbon Tax debate is now passed and I will see how it will work. We will see if our public servants and lawyers have the competence to make the legislation work.
Other legislation that is needed to be passed is the Pre-Commitment Gambling legislation.

Perhaps the Financial Industry needs a version of this Pre-Commitment Legislation or a Tax on Currency Transactions to be then spent on providing appropriate sustainability aid to the third world, as suggested by the recent UN Human Development Report (page 11 of the Overview). After all, these extremely poor people will bear the flooding, drought, lack of education and economic ability caused by the changes in the world climate being brought about by Global Warming.
While we continue to complain about our Carbon Tax!