Huntsman Assistant Professor Michael Thomas Tells John Stossel "Sin Taxes" Can Stimulate Black Markets and Create Substitution Effects
Michael Thomas, assistant professor, told John Stossel on the nationally broadcast Fox Business network that "sin taxes" can have unintended effects. The show on "puritanical government" aired on June 20th. Dr. Thomas was invited to talk about the research he’s done with Dr. William F. Shughart II on “sin taxes.” For example, should government try to modify what it considers unhealthy behavior by raising taxes on large soda drinks and cigarettes? Hear what Dr. Thomas had to say on the matter by watching the video below.