3 ms·
> Consequently, vice taxes are always either ineffectual, or a ban that only applies to the poor. A 10% increase in tobacco price results in a 4% decrease in t
by duped 6y ago
> Consequently, vice taxes are always either ineffectual, or a ban that only applies to the poor.
A 10% increase in tobacco price results in a 4% decrease in tobacco demand: https://www.who.int/tobacco/economics/taxation/en/ https://www.who.int/tobacco/economics/taxation/en/
I don't know if that counts as "ineffectual" in your book, but its not nothing.
- whatshisface 6y agoHence the second half of the branch: "or a ban that applies only to the poor."
- duped 6y agoCouldn't you say the same of all luxury products?
- whatshisface 6y agoIf they're expensive because policy set the prices then yes, that would be a ban.