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Originally Posted by loquitur
The price of gasoline should go higher. I propose a gas tax to place a floor price of $6/gallon on gasoline. I have to give some thought to what to do with the proceeds - my first instinct is to set up superIRAs for the populace - but to me that's less important than making gasoline more expensive. This is a basic Pigovian tax, and the benefits would flow broadly: environmental improvement, land use rationalization, increased population densities (with corresponding cultural benefits), better mass transit. And best of all it wouldn't force anyone to do anything - if you still want your SUV, you can have it, but you have to be willing to pay for the fillup.
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with all due respect, this idea sucks. $6/gallon gas would not only make it cost prohibitive to drive, but would also make it nearly impossible to afford to fly, would make grocery bills go through the roof, etc., etc., etc. perhaps you're a trust fund baby or self-made millionaire, but some of us can't afford to pay $6/gas PLUS $6/gal for milk, $2.50 for bread, etc. due to the cost of shipping goods