Class-Warfare Tax Backfires in Los Angeles

July 3, 2023 by Dan Mitchell

The economic analysis of taxation has plenty of jargon, statistical analysis, and complicated graphs, which can make it seem very mysterious to ordinary people. But the core principles are actually very easy to understand. Simply stated, the more you tax of something, the less you get of it. For instance, politicians often argue that there should be higher taxes on tobacco and alcohol in order to discourage smoking and drinking.

Source: Class-Warfare Tax Backfires in Los Angeles | International Liberty