Sin Taxes: A Questionable Source of Revenue

Sin Taxes: A Questionable Source of Revenue: "As federal, state and local governments struggle to balance their budgets, more municipalities are turning to "sin taxes" to address revenue shortfalls. While taxing items with presumed negative effects on public health, public morals, and the environment has a long history in traditional welfare economics, a growing number of consumer goods are now being added to the list of items singled out for selective sin taxation, say Adam Hoffer, William Shughart III and Michael Thomas of the Mercatus Center."

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