Taxation without fertilization
In an attempt to solve a large shortfall in the state budget, legislatures in California are trying to put a tax on pornography. According to the article I read, this is the reason they think the tax will work:
“Many economists believe that pornography is an industry with inelastic demand — meaning market conditions typically don’t affect consumers’ desire for the product.”
“Inelastic demand.” Really? Inelastic? As in, hard? As in, the demand for porn is always hard? Gross.
“In other words, it is believed that most porn consumers would continue to buy regardless of how much it cost.”
Really? Let’s ask a porn consumer how he feels about the California porn tax:
(Classic Mande .gif!)
I wonder how Arnold Schwarzenegger came up the porn tax idea…
That man is a governor.
