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Saving the environment by increasing petrol taxes?

Posted by John Lampard on Wednesday, 13 August, 2008 to the comment subset

Doubling the current US price of petrol, from $4 a gallon, to $8 by way of a tax, could bring about all sorts of benefits... if you can overlook the negatives first that is. Cheap gas is unfair. Driving creates huge social costs in the form of traffic, health-damaging pollution and global warming that aren't suffered solely by the person buying the gasoline. Governments usually set up idiotic systems ... Read full entry

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