Who pays the tax?
Who pays the tax?
Apr 13, 2024 7:52 AM

Note: This is the eleventhpost in a weekly video series on basic microeconomics.

Who bears the burden of a tax, the buyer or the seller? Or what about the health insurance mandate in Obamacare—does the employer or the worker pay the tax? In this video, Marginal Revolution University examines these questions and explains why the more elastic side of the market tends to pay a smaller share of a tax.

(If you find the pace of the videos too slow, I’d mend watching them at 1.5 to 2 times the speed. You can adjust the speed at which the video plays by clicking on “Settings” (the gear symbol) and changing “Speed” from normal to 1.25, 1.5 or 2.)

Previous in series:How to read a supply curve

Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Trump’s first ‘Hundred Day’ economic plan
In a radio address on July 24, 1933, President Franklin D. Roosevelt referred to the 100-day session of the 73rd United States Congress between March 9 and June 17, a session that produced a record-breaking volume of new laws. Despite the fact that the 100 days referred to a legislative session and not the beginning of a presidency, the term has e a metric for what a new president can plish and how effective they will be during their term....
Review: ‘NIV Faith and Work Bible’ uncovers God’s story for stewardship
The church has recently awakened with renewed interest in the intersection of faith and work, leading to a widespread movement in congregations and seminaries and a constant flow of books, sermons, and other resources (including a hearty bunch from the Acton Institute). In a new NIV Faith and Work Bible from Zondervan, we gain another valuable tool for expanding our economic imaginations, weaving a rich theology of work more closely with the Biblical text. Edited by David H. Kim, Executive...
How elasticity affects human trafficking
Note: This is the ninthpost in a weekly video series on basic microeconomics. Prices can have an effect on the demand of goods and services—even when the “goods” are people. Beginning in 1993, Sudan entered into a civil war, with one of the worst parts being that many people were kidnapped and sold into slavery. Humanitarian groups traveled to Sudan to redeem slaves by buying them out of slavery. Is this good policy? Did it work out, or make it...
How did we get here?
In today’s Acton Commentary, I offer a brief reflection on the results of Election Day in the United States, “Politics, Character, and Competition.” I’ve heard a lot of wisdom and a lot of foolishness in the hours since the final results were announced. The initial speeches have now been made, and we are in that in-between time, the pause of sorts between the election and the inauguration of a new president. It’s a good chance to take a breath and...
Beware the post-election narratives
In his best-selling book The Black Swan, probabilist Nassim Nicholas Taleb warns against the need for easy narratives to explain the unexpected. Given how unexpected the result of this Tuesday’s election was, it is worth taking some time to review what Taleb calls “the narrative fallacy.” According to Taleb, The narrative fallacy addresses our limited ability to look at sequences of facts without weaving an explanation into them, or, equivalently, forcing a logical link, an arrow of relationship, upon them....
Explanation: What happens between Election Day and Inauguration Day?
The peaceful transition of power from one chief executive to another is one of the most enduring and cherished legacies of the American government. But it’s also plicated process. There is a lot that has to happened in the 75 days between Election Day and Inauguration Day. Here is a brief outline of some of the steps that have to be taken in the transition from President Obama to President Trump. November 9 Presidential campaigns usually create a transition team...
Does your vote even matter?
Tomorrow millions of Americans will to the polls to cast their votes. And many other millions of Americans will not. Why bother voting when no individual vote makes a difference in any election or political decision? Why bother casting a vote that has no meaning? ​ Micah Watson, associate professor of political science at Calvin College, provides an answer: The first thing to say about such an objection is that it’s a odd way to think about doing anything with...
5 facts about voting and elections
Today, Americans will be electing the 44th President of the United States. To give you something to read while you stand in line at the polling places, here are five interesting facts about elections and voting: 1. In colonial times, mon “get out the vote” strategy was for candidates to offer alcohol at the polling places. When George Washington ran for the Virginia House of Burgesses in 1758 he brought out 28 gallons of rum, 50 gallons of rum punch,...
Diverse voters, deep passions: what 2016 exit polls tell us
As, no doubt, many readers are getting flooded on social media with think pieces and hot takes (not to mention apocalyptic worry or celebration), the point of this post is simply to look at what the data seems to indicate about those who voted for President-elect Donald Trump and his opponent, Sec. Hillary Clinton. I’ll add a few thoughts at the end, but I am mostly just fascinated with the result, which shows more diverse support for each candidate than...
Video: Victoria Coates On How Democracy Inspires Great Art
On November 3rd, Acton ed Victoria C. G. Coates, cultural historian and Ph.D, to talk about her argument that democracy has had a unique capacity to inspire some of the greatest artistic achievements of western civilization. She lays out this thesis in her latest book,David’s Sling: A History of Democracy in Ten Works of Art. In her Acton Lecture Series address, Coates takes as her case studies Michelangelo’s “David” and Albert Bierstadt’s “Rocky Mountains: Lander’s Peak“, describing the roles each...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved