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What about tariffs? They're designed to incentivize buying products made at home. What about "sin" taxes? They're designed to incentivize good behavior? (Some)
by zeckalpha 11y ago
What about tariffs? They're designed to incentivize buying products made at home. What about "sin" taxes? They're designed to incentivize good behavior?
(Some) taxes are definitely designed around incentives.
- mollmerx 11y agoIn addition, sins are often easy to tax because consumption is rather inelastic, due to there being few alternatives. Thus, taxes on sins can produce higher revenues than taxes on more price sensitive goods or activities would.