Heavy Lifting - thoughts and web finds by an economist
|I also contribute to Division of Labour||Load HL's Front Page|
Tuesday, March 30, 2010
For bathtub gin, that is. One wonders what the behavioral response to the following California proposal would be:
A measure that would raise the excise tax on a 750 ml bottle of wine from 4 cents to $5.11 has been cleared for circulation by the Secretary of State. Proponents can begin collecting the 433,971 signatures needed to put the initiative on the November ballot.
I love the (under)-statement "due to a likely decline in consumption." You think!?!? I would argue that the statement should read "due to a likely decline in taxable consumption."
I suppose the two proponents are part of a temperance movement, which is about the only rationale that can explain such massive tax hikes. If you live in California or work in the California wine industry or service industry you have to hope that such an initiative a) can't get the required signatures or b) can't get the necessary votes.
HT: Christian D.
Comments: Post a Comment
Le Chai - galerie du vin
Posts that contain Craig Depken per day for the last 90 days.
Heavy Lifting's Main Page
Money I Found Today
Heavy Lifting - Firehose style (56k warning)
- Anyone remember the recipe?
Modified maystar design
powered by blogger