America’s gas tax is embarrassingly low among developed nations, and it hasn’t been increased since 1993. A carbon tax is the most direct way to reduce economy-wide emissions of carbon, but a gas tax is the most direct way to reduce the consumption of gas — and all the annoyances that go along with oil-dependence. The price of gas is probably going to be going up a lot anyway, thanks to market pressures, but if the gas tax is raised then some of the increase cost can be directed to the government’s coffers. Otherwise, the whole of the increase will accrue to oil producers. And an increase in the gas tax, combined with indexing of the tax to inflation, would ensure a nice flow of revenue that could be used to keep roads in good repair and to invest in rail, transit, buses and other infrastructure to facilitate reductions in oil use.
via ryanavent.com
A recent study at the University of Pennsylvania concluded what most of us already suspected: Hard work has more to do with performance than being naturally gifted.
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