Episode 233: Disincentivizing Taxes

If there’s a single core principle in economics, it’s that people respond to incentives. Whether governments intend to, imposing taxes on people causes those people to change their behaviors. Consequently, governments end up collecting less tax revenue than they anticipated and often cause people to waste their time and money attempting to avoid those taxes.

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Quick Hits

Lottery and Saving

https://www.upi.com/Odd_News/2021/07/22/canada-lotto-OLG-Lotto-Max-Anne-Hickey-five-years/2681626992009/

https://www.olg.ca/en/lottery/play-lotto-max-encore/odds-and-payouts.html

Philip Morris

https://apnews.com/article/philip-morris-marlboro-britain-496ac5b559d6cfe5b85d56b39f383905

Foolishness of the Week

https://www.fox5ny.com/news/san-francisco-considering-congestion-tax-on-high-earning-drivers

Topic of the Week

https://www.thefemalecompany.com/tampon-book-en/

https://www.ncbi.nlm.nih.gov/books/NBK235989/

https://www.npr.org/sections/ablogsupreme/2013/04/16/177486309/how-taxes-and-moving-changed-the-sound-of-jazz

https://www.efile.com/unusual-strange-funny-taxes-throughout-the-world-and-history/

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