To Some it is Always a Good Time
To raise taxes that is. It is never good to raise taxes, especially for something that is so necessary as transportation. If people can’t pay for gas, they can’t get to work and they can’t spend their money on essentials. Taxes create an arbitrary and non-market oriented bias away from efficiency.
When the government raises taxes, it takes additional capital out of the market and allocates it according to political and personal agendas. To weather the current economic storm, we need more private allocation of capital to the markets / industries that represent the highest return for investors.
Raising taxes in the above example is put forth under the auspices of reducing oil usage. However, the market should drive this change. If green / sustainable technologies are the future, then let the market decide.
