Better Math: A Gas Tax Justification

It’s long been known by anyone who thinks about it that that real cost of gasoline is a lot more than the price paid at the pump ($5-15 a gallon in fact). This leads many to call for a higher gas tax to make things “fair”. Well, higher taxes have never been popular, but a good compromise was proposed by Bush advisor Gregory Mankiw in ’99. His proposal – slap a 50 cent tax on gas and use it to reduce income tax by 10%. Now that’s an idea with both potential and incentive.

Nick Aster is a new media architect and the founder of TriplePundit.com

TriplePundit.com has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He was instrumental in the creation of TreeHugger.com, managing the technical side of the publication for 3 years as well as an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.