Commodity Taxes

[@MarginalRevolutionUniversity]

Continue learning with practice questions: mru.io/6p4

[@uluvmycrazymind07]

You guys are so good at explaining things clearly and simply. Bless your hearts!!! I'm so grateful for these videos!

[@MarginalRevolutionUniversity]

Thank you! That's great to hear. :) -Meg

Thank you for these clear, concise videos. I have learned a lot in my lunch breaks watching them. I think there is a difference on who pays for social security (or other, similar stuff) when the salary is a minimum wage or close to it. Let us say that in country Y the minimum wage is 100 units, which means that no one can legally make less than 100 units (per whatever unit of time it applies to, usually a month or an hour). If the social security contributions were a 10%, then if the employee is responsible for paying them, he or she will get 90 units, while if the one paying is the employer, the employee will get 100 units (and he or she will cost 110 units to the employer/company). I suppose there is a concept not yet covered (I am watching the "Principles of Economics" playlist), but at least under specific conditions there is a difference on who pays. When it comes to higher salaries, indeed, it does not make a difference, though leftists tend to take advantage of most people ignoring that to make their populism (for example, here in Colombia they vilify being a contractor making people believe that they would get the same monthly salary as employees instead of what usually happens: you get a lower base salary that becomes more or less the same as if you were a contractor if you add up the "benefits" you get).

[@kabirkanha]

Beautifully explained :)

[@bbbbrian]

Thank you for all these videos. They are very helpful and easy to understand.

[@yushaurabiudanjuma4338]

Thank you for simplifying your topic for students to comprehend

[@smolpmkn]

Clear n helpful! Thanks!

[@samkim6933]

Easy to understand..! Thanks!

[@BenoitOlson]

Excellent analysis, thanks! 👌 I have a quick question: 🤷‍♂️ I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔

[@collinweyand]

Is there a macro video on income tax? I dont see one.

[@IonSterpan]

There is a lesson on "Taxing work" in Chapter 6, "Unemployment and Labor Force Participation". It talks about labor taxation. Other than that, we should wait for Chapter 12, "Fiscal Policy" to come out.

[@nirmanonline]

thanks

[@Mujangga]

Doesn't any tax get passed down to the consumer anyway?

[@mn412]

Mujangga It shouldn’t make any difference. Let’s say sellers pass on the whole tax to consumers. That would be the exact equivalent of a tax on consumption, aka the second graph. If they pass on half of the tax, at the end of the day the consumers are paying the same amount for the good and sellers receive the same amount. The difference is only who writes the check to the government. Hope that helps :)

[@Andy-em8xt]

Both incur a loss in utility. In a linear model like this, its 50/50

[@swayamsharma6206]

awsm

[@yushaurabiudanjuma4338]

Sir I need a help from you sir with this question:TAX INCIDENCE IS ABOUT PRICES NOT QUANTITIES.Discuss