The Case for Economics When Considering Alcohol Tax Levels

ConclusionStandard economics, which considers the external costs of alcohol consumption, makes a strong a priori case for government action to “price in” these costs. But German Lopez’s article does not get us any closer to understanding what the correct way of accounting for these effects is. And if taxation, his analysis does not help us ascertain what the tax rate should be.

Source: Cato-at-liberty - January 22, 2019 Category: American Health Authors: Ryan Bourne Source Type: blogs