dluan
Joined 15 years ago
Joined 15 years ago
You can see it happening in real-time, right this moment. Go to your local Costco wine section, look for the clearance markdowns where the price ends in $0.97. That means it's marked for clearance and won't be coming back, and there's some screaming deals right now.
Old world has always been able to be flexible, eating these kinds of punches by pivoting into NA or brandy during gluts, and demand has less fluctuations. This contraction, like a lot of everything else happening in the US, maybe was already coming because of some trends overlapping, but policy threw gasoline onto a combustible and fragile situation.
We're already way past the point where a creative cocktail of 10 different progressive taxation schemes could feasibly fix the root of the problem, and you feel this especially if you were born after the year 2000. You're more likely to see results if you pick up a red scarf than if you pass a higher wealth tax, sales tax, land tax, consumption tax, estate tax...
equal parts biochemistry, synthetic biology, game theory, and economics.