What can we comment on this post or What can we conclude about this post?

1. I chose to talk about sin tax. Sin tax is an excise tax placed on products that are deemed to be morally bad or harmful to society, like alcohol and cigarettes.

2. Adam Smith was actually the first one to introduce the concept of sin taxes for cigarettes, sugar, and rum. I think the sin tax does not meet Adam Smith's criteria of a "good tax." The sin tax does not have "equality," because the poor and the rich pay the same price of the sin tax regardless of their income. The sin tax has some certainty, because it is clear that certain products like alcohol or tobacco will have sin tax, but the tax is constantly changing. For example,the median tax on cigarettes quadrupled in 20 years, between 2000 and 2021. The sin tax went from $0.34 to $1.78. It is notconvenientfor the tax payer, because they do not want to pay this extra tax on these specific products, especially if they areaddictedto cigarettes and have to pay each time they smoke a pack. Some states rely more on sin tax than others, so it is subjectto different interpretations state-by-state.

3. Sin taxes are regressive because they are paid regardless of income of the consumer. Sin taxes are placed on specific items, like cigarettes, no matter what the amount of income the purchaser of the cigarettes is.