Why Putin Doesn’t Respect Us
I’d also raise our gasoline tax, put in place a carbon tax and a national renewable energy portfolio standard — all of which would also help lower the global oil price (and make us stronger, with cleaner air, less oil dependence and more innovation).
You want to frighten Putin? Just announce those steps. But you know the story, the tough guys in Washington who want to take on Putin would rather ask 1 percent of Americans — the military and their families — to make the ultimate sacrifice than have all of us make a small sacrifice in the form of tiny energy price increases. Those tough guys who thump their chests in Congress but run for the hills if you ask them to vote for a 10-cent increase in the gasoline tax that would actually boost our leverage, they’ll never rise to this challenge. We’ll do anything to expose Putin’s weakness; anything that isn’t hard. And you wonder why Putin holds us in contempt?