My econ class came up with better reasons. I thought you guys were
smart!
Think about this:
- The price of gas goes up
- This would encourage consumers to by higher efiecency cars
- This causes corporations to spend more money on R&D. First with better mpg, then to different technology all together
- So even more money is spent on the same (similar) thing that the new tax goes to.
- Technologies researched (Hydrogen, electric, solar, etc.) reaches market faster.
Also, generally big SUVs and Minivans have low mpg, so people will start buying more compacts, sub-compacts, etc. This reduces the average car size and reduces congestion. AND such research can have applications elsewhere. Longer and more powerful rechargable batteries, H
2 powered electronics, HY-WIRE from GM (aka The Skateboard), for example.
Think about this a little, and not just how your wallet is loosing weight.