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June 29, 2007

The benefit of high gas prices is...

That the taxes on it can be used for transit. In the San Francisco bay area, a long running debt can be repaid to the San Mateo County Transit District (SamTrans) over money they gave to buy right of way for CalTrans back in the early 90s. The money is going to come from taxes on gas, and the coffers have been filling up due to high prices (especially in California and the bay area). So besides pushing more people onto transit, there are other positive outcomes also...

Post Author: csa | 9:55 PM | Link | TrackBacks
Comments

That's a nice idea, BUT...

Some states have capped their taxes on gasoline in response to the high prices. New York, for example, has fixed their tax so that as the cost per gallon rises above $3 they will receive no extra money.

I do find it amusing that as people pay *MORE* taxes due to government wide fuckups, onerous regulation, and silly policies, you see that as a good thing.

Posted by: Tristan at June 30, 2007 9:30 AM
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