IEA Book Club Webinar with Michael Thom – Taxing Sin

Time:

  • 02/02/2021
    18:00 - 19:00


The IEA Book Club will be hosting a private webinar with Michael Thom, Associate Professor in the Sol Price School of Public Policy at the University of Southern California, to discuss his latest book “Taxing Sin”, which presents four key case studies on tobacco, marijuana, alcohol, and soda, arguing against the conventional wisdom in taxing these “sins”. Chairing this discussion will be Christopher Snowdon, IEA Head of Lifestyle Economics, and author of “Killjoys: A Critique of Paternalism”. This private webinar will be taking place on Tuesday 2nd February from 18:00 – 19:00 GMT.

 

Conventional wisdom dictates that those goods which are said to cause harm or impose costs on society deserve a special tax. For centuries, governments have levied these “sin taxes” on alcohol and tobacco, but the list of taxable sins has now grown to include soda and marijuana, with calls to impose further taxes on plastic bags, meat, and even robots and carbon. Contrary to what experts and policymakers tell us, many of these alleged sins impose very little, if any, cost on society, and the harms that do exist can be minimized without resorting to tax.

 

What follows in this book is a discussion of four case studies―on tobacco, marijuana, alcohol and soda―which make the case against the conventional wisdom in taxing these “sins”, before concluding that when it comes to taxing sin, it is time for governments to forgive―and forget.

 

This webinar is exclusive to IEA Book Club members. To find out more about the IEA Book Club, follow the link here or contact us at [email protected]

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