Higher Beer Tax in California!!!
Well it’s already taxed, like everything else, but this California State Assembly mook is proposing raising the per-can tax up to 30 cents from TWO cents!
Isn’t it offensive, in general, that these high-tax types assume that people’s behavior will not change faced with a sudden 1500 percent tax increase?! In economic terms we are somewhat inelastic as far as our love-of/demand-for beer, yes, but if I was forced to live in such a place I’d have to consider my options, like bourbon.
Someone needs to impart to these tax-crazy politicians the concept of dynamic analysis. Quoting Slovenian economist Rok Spruk: ”The higher the marginal taxation extends, [the more the] taxable basis shrinks.”
With Cali already having the highest state income tax rate in the Union, can they think of a way to make that formerly great state any more unlivable than taxing beer like this?
They’ll think of something. Mother’s milk maybe?
