Supposedly Britons are already cueing for gas. What's happened? Price
controls? Expected price controls?
--
Prof. Bryan Caplan [EMAIL PROTECTED]
http://www.gmu.edu/departments/economics/bcaplan
"We may be dissatisfied with television for
Is the gas tax in Britain a per liter tax or a percentage of the price tax?
Cyril Morong
Department of Economics
San Antonio College
No, its more confusing than that.
The government has raised taxes on fuel, this was sly when the oil price
was falling, but now with oil above $30 a barrel, gas here costs 80p
($1.20) a litre. The British are copying the French, who have a long
tradition of protesting when they disagree with
The government here in Japan has a sly "solution" to this problem. Here
the government maintains a stable gas price target by fluctuating the tax.
As the price of oil changes, the government adjusts the tax to keep prices
around US$4.50 a gallon. Since there's no price change, n
distribution system and triggered
what may be the country's worst economic crisis in a quarter-century.
With business on the verge of paralysis amid a wave of panic buying by
consumers, two-thirds of the country's service stations ran out of gas
yesterday. Tony Blair, the Prime Ministe
the japanese govt should take a look at what happened to the portuguese this
year: they run the same kind of "floating tax" deal where they cushion the
gas price by raising or lowering the tax chunk. this was great until oil
prices rose above the level where they got ANY taxes an
From: "Thomas TerBush" <[EMAIL PROTECTED]>
> The government here in Japan has a sly "solution" to this
problem. Here the government maintains a stable gas price
target by fluctuating the tax.
> As the price of oil changes, the government adjusts the
tax to kee
Fred Foldvary wrote:
>
> From: "Thomas TerBush" <[EMAIL PROTECTED]>
>
> > The government here in Japan has a sly "solution" to this
> problem. Here the government maintains a stable gas price
> target by fluctuating the tax.
> > As the p
On Sun, 17 Sep 2000, Bryan Caplan wrote:
> > Where would the supply-side effect
> > come from?
>
> Just because the world supply is fixed, does not mean that one country
> can't reduce after-tax prices by cutting taxes. Inelastically supplied
> to the world, elastically supplied to individual
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