You can have a gas tax that creates incentive to conserve (by whatever means) with no bottomline cost to consumers by rebating the tax in equal dollar amounts to all vehicle owners. People who drive least get the same amount as a one who owns a fleet of trucks. Whoever can find a way to get transport done cheaper will get the business. Voila!
ps. Gold is done right here today. In a deflationary environment, the only things that inflate are those actually in short supply relative to demand, and that excludes gold. Note silver's non-confirmation of gold's new high. You can short gold right here.
Alan,
Good idea about the gas tax/rebate, the best I've seen yet.
To me gold will be better than either equity or bonds in a deflationary environment. Whether it will be better than cash is another matter, although gold equities did quite well in the 30's. As you pointed out, it's a matter of supply and demand. Investment demand is the big wild card -- world wide gold + gold equity remain a very small portion of investable assets.
ML
Drive less? What about my job.
Do you have magic carpets on sale?
You should not have even included that, we all know what is going on and that is just absurd!
So the farmer should let the crops rot in the field? That takes gas you little dem!
Anon,
I hope you have read past the title.
Commenting by HaloScan
