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Comments on: The regulation of beer http://www.tvhe.co.nz/2007/08/09/the-regulation-of-beer/ The Visible Hand in Economics Thu, 09 Aug 2007 04:45:27 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: James http://www.tvhe.co.nz/2007/08/09/the-regulation-of-beer/#comment-126 Thu, 09 Aug 2007 04:45:27 +0000 http://tvhe.wordpress.com/2007/08/09/the-regulation-of-beer/#comment-126 Apparently they stand to save up to $20m a year in tax payments. The spokesman for Foster’s, Ben Wicks said the change would not affect the taste of the beer. I am so relieved.

]]> By: Matt Nolan http://www.tvhe.co.nz/2007/08/09/the-regulation-of-beer/#comment-125 Thu, 09 Aug 2007 04:32:39 +0000 http://tvhe.wordpress.com/2007/08/09/the-regulation-of-beer/#comment-125 I don’t mind the sex bit, but the weak beer does scare me. How are the taxes in Australia set up, are they on alcohol percentage? It makes sense that the brewer would lower %’s if beer at 4.9% is taxed but not at 4.8%. Or if the tax depended on the alcohol content of the drink.

Ultimately they should determine the relationship between negative social externalities and alcohol content, then when they know the relationship set up a tax based on it.

I have to admit though, at a personal, non-objective, non-economist level, I would cry if they took away my beers.

]]> By: James http://www.tvhe.co.nz/2007/08/09/the-regulation-of-beer/#comment-124 Thu, 09 Aug 2007 04:28:06 +0000 http://tvhe.wordpress.com/2007/08/09/the-regulation-of-beer/#comment-124 I can’t believe I am suggesting this, but perhaps a tax that would encourage brewerys to produce lower alcohol beer, presumably leading to lower alcohol consumption (as was the case with VB, changing from 4.9% to 4.8%). Not too keen on only having weak beer though. Apparently its like sex in a canoe.

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