Wednesday, September 07, 2005
Political Opportunism - Part 2
Raleigh News-Talk radio station WPTF has been saying all day that some North Carolina politicians are talking about eliminating the State tax on gasoline -- for a month. Meanwhile, the price of gasoline is already dropping due to market forces. Again, LET THE MARKET FORCES HANDLE IT!!!! Not that I believe the state should charge THAT MUCH per gallon of gas in tax, but artificially lowering the price will drive up demand in a time where supply is still tight, thereby driving up the price again. Really, these politicians need to understand how economics works.
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