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The Undercover Economist :
The economic mysteries of daily life.
A Secret Tax on Teenagers
You get your rebate check today. Your kid pays the tax bill later.
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That suggests that as consumers and taxpayers, we aren't fooled by these games of three-card Monte. Are we fooled as voters? Alistair Darling obviously hopes so.
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Tim Harford is a Financial Times columnist. His latest book, The Logic of Life, will be published in paperback on Feb. 10.
Photograph of teenagers by James Woodson © copyright 1999-2008 Getty Images, Inc.
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