Thomas Friedman recently
wrote that we should institute an additional $1 per gallon gas tax, phased in at 5 cents a month. To me, this is the most sensible of the new taxes - except for 3% on all income earned over a certain amount (Obama says $250,000, I would be fine just over $500,000. It's only income earned over that amount, not all income earned. But I digress). One dollar is a lot, but smaller increments are a perfect way to raise revenue without the average person really feeling it. Starting at 5 cents gallon, that's probably up to $1 every time you fill your tank. However, the benefits to the country would be huge. We could pump money into infrastructure, public transportation, clean air, and green technology all while reducing our dependence on middle eastern oil. Friedman compares our politics in the middle east as building a house at the bottom of a volcano that is about to blow. In his words:
Legislating a higher energy price today that takes effect in the future, notes the Princeton economist Alan Blinder, would trigger a shift in buying and investment well before the tax kicks in. With one little gasoline tax, we can make ourselves more economically and strategically secure, help sell more Chevy Volts and free ourselves to openly push for democratic values in the Middle East without worrying anymore that it will harm our oil interests. Yes, it will mean higher gas prices, but prices are going up anyway, folks. Let’s capture some it for ourselves.
Even if these goals are not that important and you think that the tax might really affect some people, it means fewer cars on the road, less traffic and congestion, and less productive time lost commuting. To me, that's a win-win situation.
