The Great American Taxing Game

The folks at Learn Liberty have put out another interesting video. This one is interactive! Here you have the opportunity to choose between three commodities lawmakers seem to be particularly fond of taxing (gas, cigarettes, and luxury items), and then see some of the consequences of such a tax. Check it out!

These videos are a good way to demonstrate once again the “one lesson” from Henry Hazlitt’s Economics in One Lesson (my review), which is summed up in the following sentence:

“The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”

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