Pigou and the “Bad Things”
Michael Giberson Greg Mankiw called it “the Pigou Club in a Nutshell“, quoting the following from Tim Kane: we should aim to tax the bad things (noise, gasoline, trash, violent crime, evil foreign dictators) and untax the good things (homegrown profits, employment, innovation). But take another look at that list of “bad things”: noise, gasoline, …