We are living through a period of political fantasy that for some people, especially the hugely popular Coalition, is quite pleasant. But as any psychologist will tell you, returning to reality usually involves a good deal of pain.
First the fantasy. It centres on the carbon tax and its components are these:
– Labor's carbon tax won't reduce emissions, but will hurt everyone.
– It's a market based scheme (good) but goes too far ($23/tonne, bad).