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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