> Elsewhere, I read that the proposed gas tax
> holiday -- which would benefit most those
> who are presently getting nailed -- was
> stupid.
>
> I can read and understand Butler just fine,
> it's LBO that's confusing
> :-)
You levy the gas tax to induce conservation, and you mail out rebates to mitigate the impact on budgets. But gas tax holidays undermine conservation. The entire point is to shift consumption patterns away from fossil fuels.
It is mainstream economics, not radical political economy.
Shane