Gasoline Prices, Taxes and Consumption
via Foreign Policy via Greg Makiw's Blog
skip to main |
skip to sidebar
For Your Fat Brain
About
Best of Fat Knowledge
Subscribe
RSS Feed
Labels
- Environmentalism (447)
- Technology (346)
- Energy (275)
- Economics (248)
- Nature (169)
- Interesting Articles (137)
- Funny (135)
- Brain (95)
- Photos (92)
- Video (92)
- Genetics (74)
- Solar (74)
- Happiness (60)
- Digital Economy (57)
- Cyborgs (53)
- Other (53)
- Labeling (44)
- Bacteria (41)
- Biofuels (40)
- Vs. (37)
- Media (36)
- E-Books (31)
- Men Vs. Women (29)
- In Depth (10)
Blog Archive
-
▼
2006
(435)
-
▼
November
(40)
- Pitty the Dear Leader's Secret Santa
- 3 Types of Blogs
- Interesting Stats on America
- US Food System Flow
- National Wildlife Photo Contest
- Food CO2 and Land Footprints
- Humans Have Multiple Copies of Some Key Genes
- Interesting Articles of the Week
- Environmental Shopping Plugin
- 74% of Americans Support A Federal Gasoline Tax
- Compass in Your Nose
- AIDS is Wrong Disease to Attack in Africa
- European Poverty
- Reforestation and GDP
- New DNA Test Is Yielding Clues to Neanderthals
- Cost of Crime
- How Does Your Nest Egg Rate?
- Psychologist Produces The First-ever 'World Map Of...
- Interesting Articles of the Week
- How To Save 1 Billion Gallons of Fuel Annually
- Sequence Your Genome For $100,000
- Artificial Chromosomes
- Humans in Charge of 98% of Terrestrial Vertebrates
- Pew Research on Happiness
- Boulder Passes Carbon Tax
- Peace Through Pork
- Think Twice About Traveling There
- A Neuroscientific Look at Speaking in Tongues
- Could our Big Brains Come from Neanderthals?
- The Long Tail of Book Writing
- Drought and War
- Underwater Nude Model Bitten by Shark on Photo Shoot
- Energy R&D Funding
- Gerrymandering Courtesy of the Constitution
- Interesting Articles of the Week
- The Best Photographers on Flickr
- Global Fossil Fuel Consumption and Reserves
- Poor Health for the Poor Living in Affluent Neighb...
- Glucose Sensing RFID Chip
- Gasoline Prices, Taxes and Consumption
-
▼
November
(40)
2 comments:
Now how about a similar graph but with monetary standard of living measured in terms of purchasing power parity at the top?
crush,
The point of the graph was just to show how greater taxes lead to a reduction in consumption.
If you are suggesting that greater gasoline taxes leads to a lower standard of living, I would say that I think GDP is more linked to total tax rate and labor market flexibility than gasoline taxes. You could devise a gasoline tax which was revenue neutral (replacing the payroll tax for example) that I don't think would have much impact on GDP.
As for what would be the optimal level of gasoline tax, one economist has put it at around $1.00 a gallon. I personally would like to see it closer to $2.00, but I give more weight to environmental impacts, traffic considerations and geopolitics. That is much lower than the rates in Europe, so if you are suggesting the tax is too high in Europe, I would tend to agree.
Post a Comment
Note: Only a member of this blog may post a comment.