So, raising the price of something will increase consumption?
I thought the first rule if you find yourself in a hole is to stop digging.
NY and NJ both believe that you can spend your way to prosperity and that raising taxes creates jobs wealth and happiness.
Remember that NJ was gullible enough to vote a gas tax increase on themselves because the increase was sold as somehow magically targeting out of state drivers.
Typical LIB or POL logic.
(NOW that is a true oxymoron, LIB Pol and Logic 3 of the 5 words in one sentence)
During a ‘fuel shortage’ a while back they encouraged to not use fuel and the prices were like a yoyo..love it when the price of crude goes down they have to change the price AFTER the supply is depleted while when the crude goes up, they would raise the price in anticipation - about the same as when there is a ‘natural disaster ie storm etc.
W had ‘convinced’ the oil companies to take out some ‘expensive additive’ and they reluctantly agreed but the price barely budged...when questioned about not using the additive the response was SOMETHING HAS TO REPLACE IT and it is ‘OIL’ based.
During the same ‘shortage’ people were asked to conserve electricity and as if on cue, in a month or so the utilities wanted to raise the price to compensate the money lost (Think they are ‘guaranteed’ a certain profit margin)
New Jersey has to generate $X billion in fuel tax revenue just to pay its bond obligations on major transportation projects that have already been built. When traffic volumes — and gasoline sales — decline by 50% during the pandemic, it’s not like the state can just reduce its bond payments by 50% or shut down Interstate 80 or the Pulaski Skyway.
It’s a terrible predicament no matter how you look at it.