Episode 239: Who Ultimately Pays a Tax?

Description

In an interesting twist of economics, it turns out that governments have no control over who ultimately pays a tax. Politicians can say they’re taxing consumers or taxing producers or taxing anyone else, but the market decides who ultimately pays the tax. And there’s nothing politicians can do to stop it.

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Quick Hits

https://www.cnn.com/2021/09/03/tech/apple-child-safety-tools-reversal/index.html

https://www.washingtonpost.com/opinions/a-virgin-plastics-tax-could-help-save-the-oceans/2021/06/18/3ecb9cde-cd8d-11eb-8cd2-4e95230cfac2_story.html

https://www.atr.org/democrats-eye-national-plastic-tax

Foolishness of the Week

https://www.theguardian.com/us-news/2021/sep/05/covid-coronavirus-work-home-office-surveillance

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