The Australian Government's decision to increase the excise on so-called alcopops by 70% is excellent news. These sweet flavoured alcoholic concoctions are intended to create another generation of heavy drinkers in the face of a steady state decline in the demand for booze.
The industry is targeting kids who will suffer permanent brain damage from excessive alcohol use. This tax - which will add about $1 to the price of this rubbish - will help combat this.
The liquor industry ranks with the tobacco vendors as one of the most immoral in our society. Anything that damages their profitability and long-term prospects advances the social welfare. It is also useful that shareholders in these nasty businesses wake up to the long-term difficulties that these firms seeking to create alcohol dependencies will experience. You were warned!