Wednesday, December 24, 2008

Death, tax and alcohol

They say that the only certain things is death and tax.

I found an article in Freakonomics blog (click here) that after crack down on illegal trading and closing of an incompetent license holder there is only one legal importer of alcohol in Indonesia

So what happened when a supply is lower than demand? the price increase. In this case, when year end as the excuse of excessice drinking is nearing, four fold. (complete article here).

Another article in CNN report a study between death and alcohol tax (click here). Now we know the price to pay to reduce (alcohol-reated) death.

Isn't economics a great (if a bit gloomy) science?

We can't explain why the story is not reported in Indonesia newspaper though. Please comment and send the link if you find any

1 comment:

fajar said...

salam kenal