Tuesday, February 24, 2009

Kentucky booze tax all set to fail

In case you had any doubt that the tax increase and pension raid earlier this month in Frankfort would hit you soon, you can't doubt it now. In addition to the $50 million pension raid everyone gets to pay back, fewer people are smoking and, now, fewer people are drinking beer.

This matters, of course, because Frankfort has already spent projected revenue gains from their new tax increases. By the time everyone knows that isn't going to work out, they will be back to hit us up again.

1 comment:

Hempy said...

If you were as concerned about these issues as you pretend to be, you'd be advocating Alexander Hamilton's proportional tax idea.

In Federalist Paper 12, Hamilton wrote:

"The ability of a country to pay taxes must always be proportioned, in a great degree, to the quantity of money in circulation, and to the celerity with which it circulates. Commerce, contributing to both these objects, must of necessity render the payment of taxes easier, and facilitate the requisite supplies to the treasury."

But as warped and steeped in your feudalistic conservative Republican ideology as you are, it's highly unlikely that you'd advocate anything that even approaches fairness in taxation in addition to lowering taxes overall.

Such Hamiltonian economic ideas are evidently beyond your grasp.

No wonder John Stuart Mill wrote what he did about conservatives:

"Conservatives are not necessarily stupid, but most stupid people are conservative."