Duty, Taxes and Behavior
07/06/2011 | | Duty, econ70.com, Elliot's Brief Blog, Energy Policy, Graphsandlaughs.net, Import Duties, Price of Gas, Recycling, Water Policy
While Americans are huge consumers of energy, Israelis are stingy. And, tax policy is why! The duty on all new cars is 100% (yes, 100%) and gas costs about $7.25/gal. As a result, most cars are small and get great mileage. Israeli’s also recycle 75% of their water (Spain’s next with at 25%). Coincidently, water prices have risen dramatically in the last few years! Would we tolerate such tax policies in the USA?