I saw a news story tonight talking about Lynchburg, TN and Jack Daniels whiskey. I'm not here to give a commentary about drinking nor do I think this thread needs to go in that direction. The purpose of this post has to do with the fact that the news story stated that circa 60% of the price you pay when you buy a bottle of Jack Daniels is tax in one form or another. Lynchburg isn't, however, satisfied with that and wants to add another $10.00/barrel tax. Some citizens, supposedly, feel that the distillery has deep pockets and given they can afford it, there's no reason as to why they shouldn't. This stands irrespective of Jack Daniels being responsible for the majority of the town's wealth in the jobs and taxes it already provides. Some fear that JD may pull out if the taxes get to be too expensive while others are banking on the distillery never pulling out because they're image is so closely interrelated with the community, etc.
We have already had a thread recently talking about a large number of our jobs going across seas because of taxes and an inclement climate that is adverse to businesses. IMO, lets stop punishing successful businesses and support a free market; a characteristic of our country that used to be a differentiating factor. To me as a consumer, it won't make a difference to me one way or the other given that I don't buy their product. To me as an American, however, it will make a huge difference since it is the culmination of businesses (big and small) that impact our economic prosperity that we have in this country.