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Consumption taxes do still tend to have disproportionate effects on those at the bottom (https://en.wikipedia.org/wiki/Consumption_tax#Savings_effect https://en
by Willish42 3y ago
Consumption taxes do still tend to have disproportionate effects on those at the bottom (https://en.wikipedia.org/wiki/Consumption_tax#Savings_effect https://en.wikipedia.org/wiki/Consumption_tax#Savings_effect), but there's more logic to step 2 if gas prices are increased across the board than my initial post.
That does make some sense, thanks for replying and elaborating!