With countries like China and India building larger
intensive knowledge based economies the report said that Australia needed to «lift its game» in the teaching of science, technology, engineering and mathematics subjects.
«You've shifted onto an unstable tax
base that you're hoping will go away, and you'll wind up having to raise other taxes up anyway» He also said a carbon tax imposed regressive penalties on sectors and regions already struggling in the current
economy — such as energy -
intensive manufacturing in the Midwest — while rewarding «higher - income coastal
knowledge work.»