The HS Dent Financial Blog
Looking to Plug Gaps in State Finances? Repeal Prohibition
August 25th, 2009 by Charles SizemoreProhibition was repealed long ago, of course. President Franklin Delano Roosevelt found it convenient to reintroduce booze into American popular culture for two reasons. First, it won him votes. Secondly, it brought in a windfall of tax revenues at a time when they were sorely needed.
With all levels of government — federal, state, and local — facing varying levels of fiscal crisis, and with faith in our elected representatives at a level so low as to border on outright contempt, might this move from FDR’s playbook be worth a look? Read the rest of this entry »
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