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Politics : War
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To: chalu2 who wrote (9925)12/14/2001 9:25:30 PM
From: goldsnow  Read Replies (1) of 23908
 
One measure in particular. On environmental grounds, never mind energy security, America taxes gasoline too lightly. Better than a one-off increase, a politically more feasible idea and desirable in its own terms would be a long-term plan to shift taxes from incomes to emissions of carbon. This would spur development of new transport technologies—vital in curbing the demand for oil. It would also improve the chances that OPEC's reserves will fetch a better price tomorrow than in 2020: an insight that would curb the cartel's market power from day one. Gradualism is the key to doing this intelligently. The time to start is now.

economist.com
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