Libertarian Car Talk:
Most people know they’re paying a lot of taxes every time they buy a gallon of gasoline.
Proportionately, few taxes are more regressive than motor fuels taxes – which currently amount to about 35 percent of the per gallon cost of gas (roughly, 50 cents in federal and state taxes on each gallon, which currently sells for a little over $2).
But there is a another tax on motor fuels which very few people even know exists that also dips deep into their pockets.
It is the federal mandate that each gallon of gas sold contain a certain percentage (currently, 10 percent) of so-called “renewable” fuels. This being chiefly ethanol alcohol, which is made of corn. About 40 percent of all the corn grown in the United States is not used to feed people or animals. It goes toward mandated-by-government ethanol production, which is then force-fed to American drivers every time they fill up.
Cont....
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