eddie torres

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    Subsidies or tariffs?

    Ron Steenblik: "I am generally a skeptic of heavy-handed market manipulation."

    If the ultimate objective is reducing gasoline consumption, which strategy has a higher chance of success:

    a) eliminating all US Federal subsidies for the oil industry (which would raise the price at the pump)

    b) a tariff-rate quota like the one Rick Gray proposes (which would raise the price at the pump)

    Answer: neither. There aren't enough Americans willing to sacrifice what they currently have in order to build a better world. Perhaps a truckload of illegal immigrants can be hired to do the heavy lifting.On A blogger suggests a $1.00/gallon fuel tax -- after the first 30 gallons posted 2 years, 10 months ago 19 Responses

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