Quote:
Originally Posted by GDB
Depends on how much the price of gas goes up. For example, gas prices in Japan back in 2008 were around $1.67 per liter. Note, liter, not gallon. That'd be about $6.32 a gallon. Gas in the US at least is around the same price now that it was back then, but I'm not sure if we're paying more in subsidies to bring it down comparatively. And unlike Japan, America does not have an alternative means of local mass transport. A lot of people wouldn't be able to afford doubling their monthly gas expenses.
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In America, everyone drives, and so if you removed the gas subsidy, and lowered taxes by the equivalent amount, it shouldn't make a difference.