Alcohol harm costs the economy $9.1b a year, and the substance is linked to more than 200 medical conditions, Te Whatu Ora's medical officer of health says.
I was curious what the ‘benefit’ is, specifically tax revenue, but also GDP, etc.
the sector contributes $1.92 billion to GDP, pays $1.819 billion in excise tax and GST, spends $2.02 billion on local goods and services and generates $2.09 billion in exports.
I guess it doesn’t really work that way. For example, if everyone basically stopped drinking, then we would still generate $2B in exports and potentially a lot more if we aren’t drinking it ourselves. Technically we might be break even, but there’s an opportunity cost.
I was curious what the ‘benefit’ is, specifically tax revenue, but also GDP, etc.
22 March 2022 https://nzabc.org.nz/industry-report-by-nzier-a-thriving-durable-industry-adding-value-to-new-zealands-financial-environmental-and-social-economies/
The periods are different but it’s unlikely to be too different over a couple of years.
So it’s (waves hand vaguely) about break even?
I guess it doesn’t really work that way. For example, if everyone basically stopped drinking, then we would still generate $2B in exports and potentially a lot more if we aren’t drinking it ourselves. Technically we might be break even, but there’s an opportunity cost.
Yeah. I was being a little facetious with “break even”.