Interesting. If they can work they should be appliked, and possible concentrated further. If necessary, use them alongside sin taxes. I'm going to delve into the concept of Pigouvian taxes further. Thanks for the helpful information; helpful knowledge goes a long way in swaying minds and opinions. I'm grateful.
Since you asked, Pigouvian taxes are somewhat synonymous with sin taxes but not completely. Pigouvian taxes specifically refer to taxes that internalize negative economic externalities. Some products, for instance, incur a social cost that is not included in their market value, for example, cigarettes, and businesses that pollute the environment. The obesity epidemic is an excellent example. These are the situations in which Pigouvian taxes are traditionally applied.
