4.8 • 1.1K Ratings
🗓️ 22 April 2022
⏱️ 26 minutes
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0:00.0 | In this world, nothing is certain, except for death and taxes. |
0:11.0 | And those are both hot topics, especially lately on this podcast. |
0:15.6 | Last week, we talked about Tax Day itself, which is normally April 15th, or thereabouts, |
0:21.5 | and how the stress or incentives surrounding that day can make us change our behavior, |
0:28.1 | unconsciously and unconsciously. |
0:30.1 | Sometimes changing behavior is the point of a tax. |
0:33.3 | For centuries, so-called sin taxes have been put on products like alcohol and tobacco, |
0:39.1 | which are bad for us as individuals, and also as a society. |
0:43.5 | When the government wants us to stop doing something, it can ban that thing altogether, |
0:48.1 | like we do with assault rifles and copyright infringement. |
0:52.1 | Lots of recreational drugs are banned and we tried to ban alcohol in the 1920s, |
0:56.5 | but banning products has its downsides. |
0:59.3 | For one thing, it can create a black market which causes all sorts of other problems. |
1:04.1 | Another approach is to tax the behavior. Whatever it is, you can still do it, |
1:09.2 | but it'll cost you more. |
1:11.2 | The purpose of sin taxes is to get us to use less of those things that are bad for us, |
1:16.4 | to change your behavior in ways that will eventually improve our own health, |
1:20.8 | and sometimes the health of others. |
1:22.6 | But do these taxes even work, and do they work how we want them to? |
1:30.2 | From the Freakonomics Radio Network, this is Freakonomics MD. |
1:34.3 | I'm Bob Ujena. I'm an economist and I'm also a medical doctor. |
1:38.0 | Each episode, I dissect an interesting question at the sweet spot between health and economics. |
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