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That depends on the tax rate. The >$4/gallon price delta between most of the EU and the US is entirely taxes. That's quite a bit more significant than pennies o
by markvdb 6y ago
That depends on the tax rate. The >$4/gallon price delta between most of the EU and the US is entirely taxes. That's quite a bit more significant than pennies on the gallon...
- llampx 6y agoI mean the marginal tax rate increase from current levels. Unless you mean gasoline taxes should be $4+ additional per gallon compared to what they are now.
- markvdb 6y agoRaising fuel taxes to EU levels would not be enough, but it would be a significant start towards environmental improvement, and not necessarily bad for the economy. In a hypothetical future that is where people realise there is only one earth and some compensations are provided for the economically weaker whose livelihood suddenly gets threatened by these changes.