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happyslug

(14,779 posts)
6. No, the first step is to STOP the subsidies, people will then adjust
Sun Oct 4, 2015, 09:21 AM
Oct 2015

If there is no price adjustment for the use of fossil fuel, people will NOT adjust. Thus you have to eliminate these subsidize and then otherwise increase the costs of using such fuels. The best example of this is the 2002-2008 price increase in the price of oil. More and more people opted for mass transit in the US, and the use of oil actually dropped for the first time EVER.

I did not say it will not hurt, a lot of people will find out their can no longer afford to pay for their student loans and $200,000 mortgages AND the increase in the price of gasoline. That is the norm when a subsidy is removed and it will occur sooner or later and the sooner the better in most cases.

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