Jul 28, 2021
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.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.efile.com/unusual-strange-funny-taxes-throughout-the-world-and-history/
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