Comment Re:Reeeallly? (Score 1) 554
the problem isn't when rich people buy big cars to flaunt status. Frankly, If you are rich, there isn't much of a difference in the gas mileage you get out of a Viper vs an Escalade. The problem in general is when everyone else can afford to buy big cars and run them. There is a general culture of buying big cars in the US, and while the gas price spikes in 2006-2008 and the recession have stunted that, there is an argument for not going back to where we were, both from a traffic safety standpoint and energy efficiency standpoint. I don't worry about general consumption trends when Hummers and Escalades have higher sales. Who cares, there aren't enough to matter. I care when the F-150 starts setting new sales records because almost everyone can afford one.
And of course, the point was that because prices are falling so fast right now, a small increase in prices due to a raised tax will be hardly noticed. Not very many people say "Gas only fell by 30 cents a gallon instead of 36 cents a gallon, I'm being ripped off!". And that is definitely right. It's not about raising prices to curb consumption, but specifically to take this opportunity to address a real tax shortfall when people will not be explicitly hurt by it.