Monday, April 21, 2008

$20/gallon for Gas

Genius economist John McCain wants to help the "struggling middle class." He is proposing a gas-tax holiday on gasoline for the summer (i.e., no taxes from Memorial - Labor Day). BusinessWeek

What the fuck planet is he on? Does he not notice the war in Iraq over oil? Or the constant fear of global warming? Or the fact that everybody in Florida drives trucks? (I saw three Hybrids on my 9 day journey from Tampa to SF...seriously).

Companies are building solar panels, people are biking to work, Japan is making cars that can plug into an electrical outlet. AND THIS FUCKING IDIOT WANTS PEOPLE TO DRIVE MORE????

By the way, this is estimated to cost the government $9,000,000,000. Where will that come from? roads and bridges - great fucking idea.

Since driving is a NEGATIVE EXTERNALITY (econ 101), we should tax it MORE. The "struggling middle class" shouldn't have bought a goddam escalade in the first place. The people who are "really struggling" are not the middle class - it's the people who live in cities and take subways or on farms that drive tractors or walk.

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