Jello wrote:

Except that you jack the gas tax, but you reduce the portion of the income tax that is spent on oil infrastructure and defense by the government. So everyone gets a tax cut, and then only those who use petroleum pay the taxes associated with it, in equal proportion to how much they use. It doesn't get any fairer than that. And the higher prices lead people to purchase increasingly efficient cars, and the demand for oil decreses, etc.

I disagree that it's fair. The people who this would effect most are the people who can barely afford to drive as it is... It could very well knock them right off the road and onto welfare. There are some areas that will be economically fucked by this. If you only tax the guzzlers, only those who can afford to be hurt will be hurt.

RE: Why Gas Prices Are Too Low (washingtonpost.com)