indirect taxation

[IKMusic16]

get in my college asap!

[MrDdDom]

wow very helpful, r u english or greek out of curiousity?

[Jackinthebbox]

why do we go to school when we have Paj to teach us

[chistorro12]

Is my lecturer fucked up or is this one AWESOME?

[athanasiamikee]

AWESOME! I got it!

This is very helpful!

Just wondering if you have a video for calculation of the Tax incidence using Ln, Total differentiation and Limits :))?

[TheSergeZebian]

great video, one question where is the excess supply?

[yzzl91]

how about if demand curve shift downward?

[etzel33]

This is actually quite a relaxing video. No politics, just truth.

[TheSimplylk]

like your chanel , its so useful. Would you be able to explain ( or add a vedio ) on the tax incident when the supply is perfectly inelastic , perfectly elastic and when the demand is perfectly elastic. ( also the similer kind of a explanation for the subsidy when the elasticities are as above ) thanks so much :)

[PertinaciousGeek]

Really love your channel, I'm a distance learning student doing Economics A levels at the moment and your channel has really helped me out. Thanks!

[CoombesKidd]

good job, dont forget the inflation tax

[TheJazmander]

the two dislikes are both my economics teachers due to jelously of your superior knowlege and teaching ability. Keep up the good work.

[stephano1990]

This was a lot clearer to me than the explanation from my book and my professor!

Thank You!

[sharrukhahmed]

awesome!!! thnks sir

[geehuckwow]

Great explanation. Taxation is the theft of money indirect or not. Rape is the theft of sex, indirect or not. They both are theft and theft is bad, it is waste and waste is not economical. Tax/theft necessarily leads to poverty and will eliminate all decent people. Look at any major city in the world. Folks making a living off taxes (teachers, politicians, judges) are the most likely to promote tax. Tax is wrong.

[mamba1066]

Your great !

[jamieheartstwo]

 I probably owe you almost all of my econs grade! so thanks!

[6562521]

thanks thanks thanks

[TheLover4you]

G8 video . Thank u

[blastor8or]

I was thinking as I watched that, not only is this indirect taxation is there not also

indirect inflation, as a producer woud I really absorb this tax or pass it on through rising production cost,thereby resting the whole of it on consumers ?

[3293ben]

thank you very much, has aided revision a treat! feel a lot more prepared for my exam now thanks to you :)

[boxerboih]

pajholden yu are the don of economics!!

[charlierow6]

Doing some last minute revision, and i totally understand taxation.

Thank you Paj yet again, God of Economics.

[McGrymkille]

thax=)

[samuelzhang332004]

Thank you for this video! it really cleared and patched everything up nicely XD

[aalaaala2010]

thank you very much sir.

[4444jude]

don't know how you do it but everytime you explain something i understand and when my teacher does i understand nothing loool

[cookdave]

I think your graphs are wrong. When taxes are added the consumer ends up paying for the entire tax rise, there's nowhere else for the costs to go.

Producers never ever 'pay' costs, they only pass them on to the consumer. Whats likely to happen is that firms will go out of business which restricts supply, and the ones that are left are able to keep the same margins but just raise the price.

All taxes on production act in the same way, they raise prices and make goods more scarce.

[cagelsthrough]

Nice brief overview of macroeconomics. Thanks

[ishanbadmashsharma]

teri maa di Thanky you

[MaxZagar]

This is interesting, as governments are now increasing VATs. This will reduce demand, and therefore also increase unemployment. Which will again feed upon it self ...

[scottishlowoflow]

@MaxZagar it won't cause unemployment because we do not produce consumer goods. it will cause unemployment in China though

[MaxZagar]

@scottishlowoflow Well lets see. In Finland they now increased the VAT from 22 to 23 %, and as demand drops the shops have less people working, less designers developing, less shapers molding ... the manufacturing is actually a marginal cost. Example; Jeans cost 3.5-4.5USD to manufacture in China, still they sell for 30 - 60 USD in shops. In Sweden the VAT is 25% and still their economy has been working fine so, maybe I am wrong (however, they are masters in "tax-planning".

[HasiliFisili]

dam this helped me a lot on my economics exam thnx a lot

[Jasonleezzzzz]

well done sir, can you do more macro topics...employment, gdp gnp etc...

[Chrley]

again ...u've been so helpful ...I've got economics Unit 1 exam tomorow ....wish i had seen ur videos the first time round haha

[bowlste]

i wish i could employ you at my school!

where do you teach?

Economics AS unit 1 module tomorrow and these vids are really doing the trick!! thanx

[rainingonshinygrass]

Thank you so much for taking the time to create and upload these videos - it really helps!

[lum300]

THANK U!!!! So helpful

[Pillowuyen]

Great explanation!! Helped me understand it so much more! ^^ thanks

[JunFu1]

thank u so much,you are really a smart teacher!

[PeterThrun]

Thank you, our instructor recomended your videos and the are awesome.

[samtnp]

Thank you very much, I have an econ test tomorrow and this really cleared a bunch of stuff up!

thanks

[musukui]

i've got a question: if you say that the remain part has to be paid by the producers, you mean indeed that the producers sell just less, because of the higher prices, right?

[mkapa6]

This information is integral to my assignment. It is very nice of you to take your time and upload these videos for the public. Thank you so much!

[keroz84]

This situation refer to the habitual good like cigar . If the price of cigar increase due to tax . the demand is stay at the point and the supply will decrease parralel to the changes of price . This will give more effect to the tax is the elasticity of supplly ,, people will pay more than producers.

[doctorofghetto]

Even though the amount presented here is in pounds, here in the U.S., it is definitely very similar to Mr. Paj's graph. I cannot imagine how HR2454 and 3200 bills will change taxation. 400 pounds for consumers, while 100 for producers. That is not good with big expenditures.

[Czl1992]

Thanks for clarifying my doubts man :D

[donyew]

You're awesome. You make things that are complicated, sound so easy afterall!

[JennHowardAgent003]

No wonder Americans are not good with numbers, math, and economics. The teachers here are horrible!!! You are awesome. Your videos have saved me on two tests and now...this is helping me review for the final. Thank you!!! This is another reason to leave this sinking ship (i.e. the U.S.)

[girlicious321]

Thank You!!!!

[AmericanKamakazi]

Your Parents Must Be Proud! :D

[TheMuleMonk]

cheers mate. Got my economic AS test comming up in a week your videos are a life saver.

[jakzeee]

so useful, thanks alot

[anniittaa1]

you are an angel.. besides your explanations are so understandablle!!!

thanks so much

[yuena001]

Thank you so much for your time!!! I have got so much out of your videos!!!

[jengalatte]

wow. i think thats the most economics i've understood in one night. i wish my

"lecturer" was this good.

[BlackNapkins86]

Thank, you. Thank you thank you thank you.

[ShashiK34]

Damn you are a good teacher...

keep it up

ta

Shashi

[stargurl125]

Your vidoes are so soo sooo helpful! Thanks a lot, your work is appreciated! I am doing really well in my economics course thanks to you!

[enigma661]

Very informative. Do continue to post such videos.

[bennyhungry007]

epc

[greeny707619]

nice knowledge

[dudettemaz]

thank you so much

it helped me loads :)

[meatandfisheater]

good stuff old chap!

[loverofbeats]

can you use dollars next time haha no i'm jk. thanks

[cheepsheep]

Thanks for your Vids. very helpfull and easy to understand. You helped me before a test. :)

[thomaskwameswift]

You are brilliant!!!

Keep doing what you're doing!!

[shambooee2]

Thanks Paj, i missed my economics lesson on this so this was very helpful since my exam is tomorrow!

[mikeyooh7]

Did you create all these videos at the same time? Must have been a long day. Thank you very much these are very helpful

[Whipalchemy]

no.

[dutchman30]

you rock....i bet all your students score high scores...i certainly will now on indirect taxes;)

[waurma1]

very helpful video! i have to make this exact video for my college project! nice one!

[DominationCorp]

does anyone else think this is a more efficient way to teach college courses? have the professor post the lectures online to be watched for his/her students which now can be several hundred and have the professor answer questions/objections via email or appointments. it definitely would beat going to class which can be pointless sometimes. not to mention plenty of gas would be saved from the lack of a commute for students

[loverofbeats]

i totally agree but my professors are so opposed to getting filmed lol.

[manukhan1987]

inflation biggest tax

[Rich2409]

What other factors influence the effectiveness of a tax in reducing quantity demanded?

[HairDare]

Great vids!

Thank you!

[sweetylotion]

wow i understand the concept clearly now.. i was a bit confused when my teacher explained it in class. you're much better in explaining!

[superbrando90]

Great video sir, do u have a similar video but for subisidies or/and extreme cases of price elasticities???

[MagicGuyZ]

Very useful thanks :)

[renaissancesun]

Thanks for posting these videos. My Microeconomics professor is great, but he talks too fast sometimes and I don't have time to process what he is saying. This has been great back-up for me. I wish I had found your videos earlier in the semester.

[filmgeeknz]

Thank you!! I actually understand it now!! :D

[skittis]

Thanks you!! i have an essay due for tomorrow and you have saved my arse. you are a much better lecturer than mine, i now understand the the effects of ad valorem tax.

great help, thanks again.

[digitalmeegs]

In a /consumer/ subsidy, (moving the demand curve), would the top half of the incidence be borne by the producers and the botton by the consumers?

[pajholden]

No, a subsidy causes the supply curve to move the other way, since it lowers costs of production. That said, given the price change is felt by consumers and the rest of the subsidy is absorbed by producers, the two 'rectangles' are indeed the other way round...

[digitalmeegs]

Thanks!

[duytringuyen07]

is there any deadweight loss if indirect taxation is imposed?