3 ms·
I think this is a pretty good approach actually. Give people the freedom to gamble, but discourage it through taxes. It's best to tax things you want to disco
by 0xDEAFBEAD 1y ago
I think this is a pretty good approach actually. Give people the freedom to gamble, but discourage it through taxes. It's best to tax things you want to discourage. So it's preferable to tax gambling rather than productive economic activity.
Related concept: https://en.wikipedia.org/wiki/Pigouvian_tax https://en.wikipedia.org/wiki/Pigouvian_tax
- Saline9515 1y agoGambling is an addiction without physical substance, it is not clear if taxes reduce gambling.
- jonahbenton 1y agoTaxing the dopamine thing does not discourage the doing of the dopamine thing. Just penalizes the addict and worsens their position.
- 0xDEAFBEAD 1y agoThis meta-analysis apparently found that alcohol taxes were effective for reducing alcohol consumption: https://pmc.ncbi.nlm.nih.gov/articles/PMC3735171/ https://pmc.ncbi.nlm.nih.gov/articles/PMC3735171/ Why should gambling be different?
- jonahbenton 1y agoFor one, alcohol tax is applied at point of sale, so there is a friction on consumption. Gambling taxes are applied as though gambling is an investment activity and losses can even be justified. Second, most recent studies that look at the question classify gambling as more dangerous and addictive. There is much more of a path from gambling to suicide.
- 0xDEAFBEAD 1y ago>alcohol tax is applied at point of sale, so there is a friction on consumption. Gambling taxes are applied as though gambling is an investment activity and losses can even be justified. Not sure what this means. Why can't gambling taxes just be applied at point of sale to create friction?