America Needs Updated Infranstructure!

[palou]

haxxiy said:

Nighthawk117 said:
Just raise the federal tax on gasoline, it's been 18.4 cents a gallon since 1993. Raise it to something like 50 cents and use the money to pay for roads and bridges.

Favouring consumption taxes burden disproportionately the poor, have cascading effects on inflation (at the same time managing to keep the velocity of circulation of money low,making the economy slower), and favour informal economics and the black market, lowering tax income and disadvantaging State-sponsored welfare systems.

Overall a terrible idea next to income taxes. Case in point, probably the biggest experiment on consumption taxes of the planet, the Brazilian economy. Don't go down that slope, please.

 

 

Another example: Germany has had very high consumption taxes, for ages. Doing just fine.