alt Hacker NewsThere are plenty of places where consumption taxes DON’T have a strong effect, like vice taxes on tobacco and alcohol. It’s absolutely worth actually testing it.
There are plenty of places where consumption taxes DON’T have a strong effect, like vice taxes on tobacco and alcohol. It’s absolutely worth actually testing it.
Vice taxes on tobacco have an incredibly strong direct effect.. especially on preventing youths from starting to smoke and on poor people continuing to smoke…. It’s something like a 7% reduction in the number of youth smokers for every 10% increase in price.