Monday, June 06, 2011

Carbon fantasy a $30b-a-year reality


THERE'S an old joke that neurotics build castles in the air; psychotics move into them; and psychiatrists collect the rent.

Yesterday we were told the rent: $11.5 billion a year rising to $30 billion or more a year. That would be the equivalent of a 50 per cent increase in the GST.

We were told, by the 'neurotic' in my little fable - Ross Garnaut who has charge of building the phantasmagorical carbon tax castle. We - all 22 million of us - would be the very dumb 'psychotics' if we 'moved into it.'

See full Article.