00:01
Banking inferences of why do you think government want to influence the supply of alcohol and tobacco products by imposing excise taxes.
00:07
So excise taxes are special taxes on specific goods or activities.
00:11
Gasoline, tobacco, or gambling, rather than general tax based on the income or consumption.
00:16
Exide taxes are often included in the final products of the products and services and are often hidden from the customers.
00:23
So excess sizes can be used to price and externally or discourage consumption of a product that imposes costs on others.
00:28
So like alcohol and tobacco are things like if you do too much of, especially alcohol, you can die.
00:35
Tobacco is more long term.
00:36
But things that are bad for you and have been proven scientifically to be bad for you.
00:41
So they sometimes do it to stop people from buying it.
00:47
Now, if you have an addiction to these things, that's not really going to stop you, it's just to make you spend more money.
00:51
But with the money that they get from the excise tax, it generates a revenue from people who's particular government service.
00:59
Is revenue should be used to maintain that government service.
01:02
So there's different ways i can do this for tobacco...