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From what I'm understanding, it isn't even a gas tax holiday, it's a holiday to an automatic inflation adjustment they baked into their gas tax, valued at a who
by polka_haunts_us 5y ago
From what I'm understanding, it isn't even a gas tax holiday, it's a holiday to an automatic inflation adjustment they baked into their gas tax, valued at a whole whopping 2.2 cents a gallon.
I feel like the situation in a general way can be set up as:
1. High gas prices are good for the environment
2. High gas prices are bad for consumers
This policy in Illinois at least seems to me like their priority is 1, but want to pretend like it's 2 by doing a lot of signaling that doesn't really improve anything on the 2 side. There are actual long term solutions to 2, what they are depends on your political orientation of course, but none of them are likely to get anyone reelected in 6 months, so they're opting for this nonsense instead and hoping people buy it. Maybe if the people of Illinois are really lucky they might start worrying about some actual solutions in 2023.
- imtringued 5y agoI don't understand why all these people want to disable price signals. High prices tell you, you have a lack of gas and should consume less and produce more. If you just force them down people will consume more but the incentive to produce more doesn't increase.
- Ericson2314 5y agoCarbon tax + carbon dividend is actually both, which is nice. If you find ways to drive less, your income net taxes and transfers goes up! If that increases rents near public transit, so be it. Japan style land speculation transit financing just got more effective.