As you may have heard, McCain and Clinton have both suggested we all stop paying the 18.4 cent-per-gallon excise tax on gas over the summer. They think this is a good idea (or, more likely, hoped the public would think so) because at first glance a gas tax holiday sounds like a sale on gas. Who wouldn’t want a sale on gas?People who study how money works, that’s who. Economists across the political spectrum agree this is a bad idea.Putting this in terms we can understand-frozen desserts-the Christian Science Monitor points out that “If a driver uses 10 gallons a week, he or she would save about $26 during the three months – enough to buy seven or eight milkshakes.” So for only a handful of milkshakes per person, we’d suffer a huge administrative hassle, add to the deficit, and take a big step back in weaning ourselves off oil.Pandering isn’t new. The fact that the media and the pundits aren’t biting is what surprises us. News shows can’t find economists to support the plan on air, and Matt Yglesias even found a case of reporting on television. Is the media going to start dabbling in objectivity and insight again or is this a special case?
Tags
advertisement
More for You
-
14 images of badass women who destroyed stereotypes and inspired future generations
These trailblazers redefined what a woman could be.
Throughout history, women have stood up and fought to break down barriers imposed on them from stereotypes and societal expectations. The trailblazers in these photos made history and redefined what a woman could be. In doing so, they paved the way for future generations to stand up and continue to fight for equality.
-
Why mass shootings spawn conspiracy theories
Mass shootings and conspiracy theories have a long history.
While conspiracy theories are not limited to any topic, there is one type of event that seems particularly likely to spark them: mass shootings, typically defined as attacks in which a shooter kills at least four other people.
When one person kills many others in a single incident, particularly when it seems random, people naturally seek out answers for why the tragedy happened. After all, if a mass shooting is random, anyone can be a target.
Pointing to some nefarious plan by a powerful group – such as the government – can be more comforting than the idea that the attack was the result of a disturbed or mentally ill individual who obtained a firearm legally.
advertisement

