Friday, April 11, 2008

California Beer Tax

The geniuses in our state government are at it again, trying to steal individual and corporate wealth to put toward social welfare programs. State Assemblyman Jim Beall is proposing a new beer tax that would add $1.80 to a six-pack of beer. Another way to look at it is that it would raise the tax on a barrel of beer from $6.40 to $89!!! And though the tax would be levied against the breweries (evil, evil corporations that like profit), of course that cost would be passed on to consumers. Here is a link to the article:

Go ahead. Tax it. More incentive for me to brew my own. Then the state gets even less tax from me than before their tax. It's called the Laffer Curve in Econ 101. But then again very few of our politicians understand economics in the first place....

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