Luxuries Term Analysis

...silver less expensive but grain far more so. Thus, the price of superfluous goods (or luxuries) falls during times of poverty, while the price of necessities rises. And the fall in... (full context)

This consumption can take the form of luxury goods , which is harmful for society because it’s simply an expense that produces no revenue.... (full context)

...in order to be treated with dignity (like clothing and shoes). All other commodities are luxuries. (full context)

...the price of subsistence, so wages must rise to compensate for the difference. Taxes on luxuries deter people who can’t afford those luxuries from consuming them. Accordingly, such taxes don’t hurt... (full context)

Most of Britain’s commodity taxes are on luxuries. Some are excise duties (taxes on goods manufactured for domestic consumption) and some are customs... (full context)

Taxes on imported luxuries mainly affect the wealthy and middle classes. Those on domestically-produced luxuries affect everyone. Since the... (full context)

Taxes on luxuries have many advantages. They fall entirely on the people who voluntarily consume luxury products. (However,... (full context)

Luxury taxes’ main disadvantage is their inefficiency: they cost consumers much more than they earn in... (full context)

In societies without much trade or manufacturing, wealthy people cannot buy luxuries, so they either buy necessities for others or hoard money. So does the sovereign. But... (full context)