The new paternalists advocate using excise taxes to discourage undesirable behavior and to offset costs imposed on third parties. But using tax policy to socially engineer behavior gives rise to another social pathology: wasteful political entrepreneurship.
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|Other Independent Review articles by William F. Shughart II|
|Fall 2014||The Institutional Revolution: Measurement and the Economic Emergence of the Modern World|
|Spring 2011||Disaster Relief as Bad Public Policy|
|Summer 2004||Bending before the Storm: The U.S. Supreme Court in Economic Crisis, 1935-1937|
|[View All (5)]|