Paul J. Berating

Australian Politics, Unfiltered. Sardonic Commentary Inspired By Australia's Greatest PM 🤬🇦🇺


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Treasury's $62 billion smoke break

Canberra banked $77 billion in tobacco excise through 2030 and is now looking at $15 billion as smokers walk past the servo and into the black market.

Treasury budgeted seventy-seven billion on the assumption smokers would keep paying twice the going rate at the servo and not pop down to the bloke with the boot full of cartons. Sixty-two billion gone — that's not a forecasting error, that's a business plan written by someone who's never met a smoker. Every excise hike since Rudd's been a price signal to the black market. The dealers thanked us by name.