Think the price of gasoline is too high right now? Lester Lave, an Economics professor at my university, doesn’t think so. He says the government should impose a $3.50 per gallon tax on gasoline, which would roughly double the (already high) price. The government would spend the money to give roughly $1240 to each wage earner, by lifting the social security tax on the first $20k of income.
Lave says this would boost the economy. (It’s hard to type that without laughing. Fortunately I don’t have to.)