A You have a completely perverted understanding of what a low-income household looks like. 40% of the bottom quintile income households don’t have a car at all. (View Post)

So the strait will remain 95% closed rather than 100% closed? (View Post)

Depends on just how severe the depression is. I think there is an argument for a reduced tax on fuel but the consensus is it’s one of the “best” taxes to levy - unavoidable, simple, inelastic, and on… (View Post)

You could say that about any and all taxes though (and given it’s a fixed levy, the effect is actually reduced). Again, I think you could argue for an even bigger cut (already down by some 40% since … (View Post)

I think you've confused the Red Sea for the Gulf. The pipelines across Saudi don't have anywhere near the capacity to replace the volume going through the Strait. (View Post)