May 10, 2022 Uncategorized

Good Things for The Government to Tax on Products & Services

Question Description

I’m working on a economics multi-part question and need an explanation and answer to help me learn.

What would be a “good” thing for the government to tax? Please write 11 examples 

Demand for the product can’t be too elastic or people will stop buying the product instead of paying the tax

The government tries to make taxes “fair” – they don’t want them to disproportionately impact people with lower incomes. This is why they don’t tax food at the grocery store, diapers, feminine products, etc. 11 examples 

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