Pigouvian Taxes in Economics

[@nope34]

very cool!!! Thank you so much for your explanation. Sitting in class for 1h30min I just could not make sense anything, watching you explained just cost me 11:02 minutes! thank you!

[@zhaniyaabzhan4861]

THANK YOU SO MUCH!!! This was so well-explained

[@damianrodriguez2972]

Pigouvian taxes correct the presence of a deadweight loss. When the Social costs are higher than the associated parties' private costs, it's a market failure that causes deadweight loss. For example, there's an oil refinery in between my house and SLC. It smells terrible and makes the commute unpleasant; that is a negative externality of oil production, and someone who doesn't consume oil will bear that social cost without any benefit. That's the market inefficiency that taxation corrects.

[@shreeh1882]

Thanks!

[@ryanwillis2513]

I’m studying criminal economics and I finally understand so much

[@moribundmurdoch]

Criminal economics sounds like a great class for a chaotic evil DnD character to take.

[@taconydorgeson7053]

good explanation from you, thanks

[@alexmustata4089]

Thank you, very nicely explained

[@Edspira]

Glad it was helpful!

[@uhhhohhh5926]

Chef John is that you???

[@sando619]

Dude omg youre so right LOL

[@Edspira]

HA, I'm a fan of Food Wishes too!

[@SznycluPL]

very nice explanation, thank you

[@thomasscheicher9779]

Super erklärt! Thanks for uploading your video

[@sanchimittal9139]

nice explanation

[@aminaabouelenien9661]

what is the difference between a Pigouvian subsidy and a subsidy given to producers equal to the quantity they produce?

[@4Jamo]

That was sooooo helpful, hopefully I ace my econ. exam in 3 days :|

[@Edspira]

Good luck!

[@4Jamo]

@@Edspira Thanks:)

[@umersujra477]

What are the difference between corrective tax and pigouvian tax....?

[@damianrodriguez2972]

A Pigouvian tax is a corrective tax

[@maryshenoda]

thank you so much!

[@rosalynlukasik3438]

Does the pigouvian tax therefore create a deadweight loss?

[@hebti895]

No, it's the goal. I mean, there is a deadweight for the private actor. But the social surplus increase.

[@Anonymos185]

Top 10 videos libertarians don't want you to see

[@moribundmurdoch]

Libertarians always be bringing up tort law though?

[@pymokagraterra9605]

@@Zer0Sen yes

[@StephenJStoeckert]

Yang Gang

[@ThePeterDislikeShow]

I think we need a pigovian tax on anything that might spread COVID. Travel (e.g., on gas or airline tickets), restaurant meals if eaten on premises, and/or offer subsidies on delivery, online school instead of going in person.

[@andrewxu3602]

Policymakers often make societally inefficient decisions, not because they're ignorant, but because it'll help them get elected by people who don't know anything about economics.

[@jewelciappio]

Authoritarian. You want a tax on something that MIGHT. That’s nazi level.

[@sinistril]

Pigouvian tax is such a huge economic fallacy.... but hey, whatever lines government coffers.

[@moribundmurdoch]

Please explain why it's an economic fallacy - we're here to learn.

[@ignacioandresv3170]

@@moribundmurdoch He probably said it because most of the time this tax is nonexistent and you're forced to live with that market failure.

[@jewelciappio]

It makes more sense in a system where there are no other taxes. No federal, no state, no property, sales, luxury, estate, etc.