Why Not? Ctd

Yael Borofsky and Jesse Jenkins respond to Avent's suggestion that we put a $5 tax on every barrel of oil:

Instead of raising energy prices, the point of the gas tax should be to raise revenues. In fact, a $5 gas tax could raise about $40 billion annually, as Avent notes, without consumers feeling much financial pain at all. These revenues could then be dedicated to the kind of public-private partnership that has successfully catalyzed private sector entrepreneurialism and innovation and delivered transformational technology investments throughout America's history.

There is little historic evidence that marginal price signal changes can spur significant innovation -- after all $5 gas taxes throughout the EU haven't given Europeans affordable electric cars or bio-fuel alternatives.

I think the fiscal necessity is increasingly argument enough. And Europe is far further ahead on non-carbon energy than the US at this point, so perhaps those hints at industrial policy are not dispositive.

2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

Life as an Obama Impersonator

"When you think you're the president, you just act like you are above everybody else."

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

VIdeo

Life as an Obama Impersonator

"When you think you're the president, you just act like you are above everybody else."

Video

Things Not to Say to a Pregnant Woman

You don't have to tell her how big she is. You don't need to touch her belly.

Video

Maine's Underground Street Art

"Graffiti is the farthest thing from anarchy."

Video

The Joy of Running in a Beautiful Place

A love letter to California's Marin Headlands

Video

'I Didn't Even Know What I Was Going Through'

A 17-year-old describes his struggles with depression.

Just In