Chinnawat adisornwattanarom(Meliodas or Ping) 561611035 Economics
Discuss whether tax is the most effective way in internalising negative externality Tax could be the most effective way in internalizing negative externality. First of all, what is tax? Why Is it so effect to many people? And how it’s work. Tax is charging in something most of time it is in a form of money reduction. So what is money, nowadays money are like the flow of life in everything. All basis of life can find by money, food, medicine, place and supply. So where money come from, most of people get money by working no matter is selling goods or any service. And the cost of doing those things is all common, that is time. Because time is the central of law of universal.
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Because of people instinct is want to be immortal, but because of we can’t so atleast we want to spend time as worth as we can. So instead of use time for money why don’t we use time to do what we want. So sad most of people can’t do that because they didn’t rich enough. And so great that people love what they are working for but that just little society of the world. Here may be we already known how tax is working but if don’t here what it is… As we said that we use time for money because we want more time so, It is very cruel that we going to take time from other people. And it is very painful if we work for something atlast they take from us. Because people don’t want anyone to take time from them so they are afraid to get tax or not if you were rich enough(the same way as you have more time). Many things have price and as we said the true cost of everything is time. And here are example of true cost. Assume that I work 100 hrs for 100 dollars so 1 hour is cost 1 dollar. If 1 instant noodle cup cost 2 dollars it’s mean that I have to spend my 2 hours for that. But if you compare nutrients or taste that you get from it with others like, how about lopster or steak let’s say steak and each one cost 5 dollar which mean 5 hours of you