Friday, January 23, 2009

Pop Quiz

Having not yet completely destroyed the state economy, and desperate for more tax revenue to close a 50 BILLION dollar budget hole, the geniuses in the California State Government, led by Governor Schwarzenegger, are scanning the California horizon for any remaining successful industries that they can tax out of existence.

They've settled on one of the last jewels in the state's crown... the powerful wine industry based in Napa Valley and in the central coast region around Paso Robles.

So, since it's clear that no one in State Government has ever taken a basic economics course, I think it's time we all measured our business acumen against these supposed elite geniuses that we've sent to Sacramento to lead us through this crisis.

Increasing taxes on the California wine industry will...

A) Reduce the amount of California wines that consumers buy.

B) Allow other states to grab a larger share of the American wine market.

C) REDUCE the amount of tax revenue actually paid to Sacramento by Wine companies.

D) Cause the wine industry to slash jobs

E) All of the above.

1 comment:

Thomas M.F. Jefferson said...

Buried in the article: The levy is charged for wine made and consumed in California and wine shipped into the state. It doesn't affect wine produced in California and shipped to other states or abroad.

So wines made in other states and countries will also have to pay this new tax if they want to sell their wines in California.

I guess I'll be making my own wine, in addition to making my own beer.