taxes and tariffs

One for All or One for One

Jason George Thought Leadership
December 11, 2019
tags Pricing, taxes and tariffs

Jason George tackles the intricacies of tariffs and taxes and discusses the potential of a fair system that takes into account concentrated benefits and diffuse costs while dealing with the interests of the few vs. the masses.

Observers who dig even a little into government policy in areas like tariffs or taxes might note some peculiar features. Regulations are often crafted to provide benefits to a favored constituency, while the corresponding costs are borne by the broader population in some opaque way that individuals can’t discern. As a result everyone ends up paying slightly more for healthcare, or cars, or chocolate bars, while the folks who sell those things get some economic protection.

 

Topics covered include:

-The handshake problem

-Hidden group costs

-The cumulative effect of multiple narrow interests

 

Read the full article, The Collective Action Problem and True costs, on Jason’s website.