Whose Faulty Vision

The Benefit of High Gas Prices

I have been saying for a while that environmentalists should be in favor of high gas prices. Stories like this are why. High gas prices mean that people are walking more, taking public transportation more, trading down to vehicles that don’t use as much gas…in short, dumping a lot less CO2 into the atmosphere.

A lot of economists are saying that we should raise taxes a good deal on gas, because it’s the best way to lower CO2 emissions. Much as I’m never in favor of giving the government more money, I think the economists have me convinced on this one. Pity it’s completely politically infeasible.