Did you know that being charged way too much for bottom shelf vodka might be saving your life?
Ok… not directly, but a new study shows that higher taxes on booze correlates with fewer alcohol related deaths. Using Alaska as a case study, researchers reported a 29% drop in alcohol related fatalities in 1983 and an 11% decline in 2002 as taxes increased. Despite these statistics, the alcohol industry says that higher taxes would only hurt responsible drinkers and would have a negative impact on the economy.
So, if they did decide to hike up the taxes in the lower 48, what would that mean for the college-partier? A decline in alcohol related accidents, or a quicker depletion of daddy’s college textbook fund?
