SubscribeAll Posts Tagged With: "higher tax"
NATIONAL POLITICAL BROWNOUT, PART II
As Mark Gongloff noted in a column for the Wall Street Journal, “…what the U.S. really needs, if it seeks a real fix to its energy consumption problem, is less demand, not more. Mr. Market says there’s a simple way to do that. Jack up the gas tax. Don’t lower it. Economists call it a ‘Pigovian Tax‘, in honor of the English economist Arthur Pigou, who early in the 20th century examined economic activity that hurts innocent bystanders. To stop behavior that’s not in the public good, you tax it more, not less.
“Of course, a higher tax would hurt working-class…
13Jun2008 | Daily Reckoning | Comments Off | Continued
Loading ...
