Taxes on Gasoline

I am a Libertarian except in a few cases like taxes on gasoline. Many politicians are asking for a tax holiday so that folks back home will not be hurt so badly by the increase in the price of gasoline. But now is the time to do the opposite. Let's start with at least a $.50 a gallon (and I am OK with a tax per suggestions of friends of as much as $2.00per gallon) on gasoline.

We are importing two out of three barrels of oil into the US and this makes us too vulnerable to the kind of price shocks we are facing today. We are not only vulnerable to the kind of economic shocks we are about to feel but as a result we might even be sending our troops into harm’s way trying to stabilize these foreign oil sources.