Compensation? What compensation? They are not being confiscated? Anyone can own one. They just would not be used for normal transport. Just like Model Ts or Steam Cars they will be museum pieces. Try and take a horsedrawn buggy or stagecoach to work everyday and see what happens.
How much compensation was given to QANTAS and ANSETT when Boeing 727s and DC9s were banned from all major airports? Clue: You can't divide by it.
And even if they were. Fair market value? Who sets that? Again there is a precedent in 1996 when the value of "collectable" items was reassessed. e.g. The USAS importer's compenstaion for stock owned was reduced from $1.2M to $35K.
$500,000,000 or even $5,000,000,000 to make Australia a safer cleaner place.
It is FREE MONEY remember. Pollution is a health issue, increase the medicare levy (been done before)? A transport issue, more safetycams or fuel excise or rego?
But anyway this whole thing is hypothetical, I just made it up. The point is, there is no such thing as 100% sure investment and even real estate goes pear shaped on the odd occasion.
Actually another sneaky problem. With all this increase in value how much capital gains tax could be assessed? Now THAT is scary......
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