More on Why PLCB Privatization is a Bad Idea: State Revenues
As I prepared to do a radio interview with Marty Moss-Cohane yesterday (which you can listen to here), I delved more deeply into the issue of privatizing the state wine and spirits stores than I had before. And it turns out that the arguments for not doing so is even stronger than I had realized when I wrote an op-ed at Newsworks. As the House of Representatives moves toward a decision about this today, I want to explain how I came to that conclusion. This, the first of two posts, will focus on state revenues and show that privatizing the PLCB will blow a huge hole in the state budget requiring us either to raise other taxes or reduce spending for education, health care, and other important common goods. The second will focus on the public harms of alcohol abuse and how privatization of the PLCB will make them worse.… Continue reading