Fee for future infrastructure
Dear mister President Barack Obama
Before the election next year, you should implement a small fee on petroleum for future infrastructure. This will create at least 3.3 million new jobs and add at least 1.4 trillion U.S Dollar to the economy annually.
When the economy raises the need for transportation increases almost two times the annual Gross Domestic Product (GDP). If the economy is to be self-sufficient it should be about 3 percent. The nation’s deteriorating infrastructure is placing a major drag on the economy.
Since the economy and the transportation needs are so closely linked it sure makes a headache for the environment. If the U.S. severely reduces its transportation the economy will not gain traction. So the question is not, do we need transportation or not. The question is how can we make transportation more environmental friendly?
The answer is to implement a small fee on petroleum that is only allowed to finance infrastructure. The tax should be so closely linked to infrastructure that there would be a nationwide plan for the nation’s future infrastructure. The fee and nationwide plan must be announced at the same time.
It needs to be a grand plan for high-speed rail, more efficient and intelligent highways, modern airports, next generation ATC and optical fiber in every home.
Petroleum will be a primary source of energy for the foreseeable future. This fee will change consumer behavior. Fuel efficient boats, cars, planes and trains will get a competitive advantage.
When the fee for future infrastructure is implemented it will generate at least 3.3 million new jobs and contribute to a healthy increase in the GDP. It will lower the total fuel consumption, saving the environment and economy at the same time.