In this episode, we first travel 2,000 years to the Roman Empire to see how they taxed luxury goods. Then we travel to the United States of the 90s to see how the Luxury Tax, approved by Congress in 1990, backfired. After that, we will check on how things are going in Canada, just two weeks ago, to see how we learn nothing from past mistakes. And finally, we will go back to the Roman Empire. All of this while trying to understand fundamental economic concepts such as direct and indirect taxes, progressive and regressive taxation, elastic and inelastic supply and demand, and tax incidence. Tax incidence is the key concept for today's episode. Support the showThank you for listening. For additional information and social media links, you can visit https://www.thecobraeffectpodcast.com You can support the show on Buy Me a Coffee or become a monthly member. Links on the website. You help me to cover my costs, and your contribution keeps this project going. Feel free to reach out via social media or email. The email address is [email protected] I would appreciate hearing your questions, comments, or suggestions for future topics. See you in two weeks for another episode of The Cobra Effect Podcast.

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