The Advantage to Sin Taxes is Relatively Low IED

My Loyal Reader notes that the economic survival of Zimbabwe’s current government is now largely dependent on sin taxes:

As he presented his revised 2009 budget to parliament, Finance Minister Tendai Biti noted that “indirect taxes made up of customs and excise duty have contributed 88 percent of government revenue, which means that the government has been literally sustained by beer and cigarettes.”

Those who are planning to “go Galt” will need also to Sin No More.

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