On Wednesday, June 2, 2004 at 14:07:19 (-0700) Devine, James writes: >it's interesting that (according to MS SLATE on-line magazine) a >whole bunch of conservatives, including Gary Becker, are endorsing >steep taxes on gasoline in the US, to encourage conservation and >gas-saving technical change, while punishing the oil >producers. (W. Europe did this years ago.) Good idea, though ...
Given the elasticity of demand for gasoline, isn't taxing gasoline a punishment for consumers? Bill
