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Stuff You Should Know

Do sin taxes work?

Stuff You Should Know

iHeartPodcasts

Society & Culture

4.582.8K Ratings

🗓️ 8 November 2016

⏱️ 54 minutes

🧾️ Download transcript

Summary

Taxing things like alcohol, tobacco and gambling is big money and has been for a long time. But are these "sin taxes" keeping people from indulging or are they simply a way to raise revenue? Learn all about sin taxes in today's episode.

Transcript

Click on a timestamp to play from that location

0:00.0

There's so much news happening around the world that we're somehow supposed to stay on top of.

0:05.7

That's why we launched The Big Take.

0:08.3

It's a daily podcast from Bloomberg and I Heart Radio that turns down the volume a bit

0:14.0

to give you some space to think.

0:16.4

I'm Wes Kosova.

0:17.7

Each weekday I dig into one important story and talk about why it matters.

0:23.6

Listen to The Big Take on The I Heart Radio App, Apple Podcasts or wherever you listen.

0:31.0

Welcome to Stuffy Shitno from House Stuffworks.com.

0:41.3

Hey and welcome to the podcast.

0:42.8

I'm Josh Clark.

0:43.8

There's Charles W. Chuck Bryant.

0:45.9

Jerry's over there too.

0:47.3

So this is Stuffy Shitno.

0:51.8

How you doing?

0:53.2

Good.

0:54.2

You know this one we did a podcast in June 2012.

1:00.8

Should we have a fat tax?

1:02.2

Sure.

1:03.2

I remember.

1:04.2

Now that I look at the timeline of, I'm sure we'll cover this now about Mayor Bloomberg

1:11.9

in New York in 2012, that was in May 2012 when he wanted to ban the sale of soft drinks

1:18.4

over 16 ounces in New York City.

...

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