Schwarzenegger's 'fun tax' folly

Aproposal by Gov. Arnold Schwarzenegger to slap a hefty tax on ticket sales to amusement parks like Disneyland, Legoland and Six Flags Magic Mountain, as part of his solution to California's budget deficit, is just plain goofy. Such a "fun tax" would likely yield lower rather than higher tax revenues while killing thousands of jobs.

By Peter Navarro

November 13, 2008