Can you... Pigou?
The RFF's Daniel Raimi encourages states to take the windfall tax revenues and put them to good use. In Alaska and New Mexico, oil was taxed and the proceeds put into a rainy day fund. On the other hand, his counter-example is Appalachian states like West Virginia, where coal mining was never taxed, and where the economy continues to suffer. Maybe now, with the current high prices, Texas will finally be able to see its way clear to go ahead with the Medicaid expansion....
