How Julia became Ju-Liar and sank the carbon price

In economics there isn't much difference between a carbon tax or a carbon trading scheme and neither are considered evil. But on 24 February 2011 when Julia Gillard said she was happy to use the word tax to describe her emissions trading scheme it made the world of difference and led to its subsequent repeal.

T - A - X   there are few other words that elicit such a strong adverse reaction from the electorate.

And in the end those three letters after the word ‘carbon’, instead of the three words ‘emissions trading scheme’ acted to hang Gillard and her government, and ultimately led to yesterday's repeal of a decade of hard work developing Australia’s carbon emissions trading scheme. 

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