Supply-Side Notes 8-20-18


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Today’s Brew 3-10-17

Ronald reagan tax quote

Dan Mitchell has this today, and you should benefit from it:

Welfare, Taxes, the Nanny State, and Supply-Side Economics

Excerpt:

In any event, our friends on the nanny-state left actually understand this principle when it suits their purposes. They propose sugar taxes, soda taxes, carbon taxes, housing taxes, tanning taxes, tobacco taxes, and even “adult entertainment” taxes with the explicit goal of using the tax code to reduce the consumption of things they don’t like.

I don’t like the idea of government trying to dictate people do with their own money, but these so-called sin taxes generally are successful because supply-siders are right about taxes impacting incentives.