In the News

Pigouvian Taxes - Beyond Meat boss backs tax on meat consumption

Graham Watson

3rd August 2021

Who would have thought that the CEO of a company producing plant-based meat alternatives would be in favour of a tax on meat consumption.

Dress that up in a technical term - a 'Pigouvian tax' - which you should be able to define - and it's a winner.

Or is it? Is all meat polluting? Or just specific types? And should there be different taxes on intensively farmed meats compared to organic? And who does the testing and how do you introduce a differentiated tax?

That said, there seems to be some case for intervention to correct the market failure? The problem is that it's not straightforward and may result in government failure.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

© 2002-2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.