Discuss Peter Navarro's Nov. 13 Op-Ed article
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From the Los Angeles Times
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The tax increase isn't going to effect tourist from going to these resorts. They already don't mind paying out the rear as it is, so a little tax bump will go unnoticed. However a fickle economy will decrease ticket sales as the average family will opt out epensive travels and save the trip to Wally World for another year. [Hell it will probably be closed anyways] Either way I'm sure Navarro will chalk up the decline as an "I told you so."
Shaun The realist. @ 8:01 AM PST, Nov 14, 2008
This is a perfect time to raise the state tax on gasoline. An additonal 10 cents per gallon tax will hardly be noticed at current prices, which seem cheap compared to what we were paying a few months ago. The tax would increase revenues to offset the State budget deficit, slightly discourage consuption which ultimately will keep the price of gasoline lower, and encourage use of alternative fuels.
Mark Goldsmith @ 10:49 PM PST, Nov 13, 2008
Entertainment dollars are not elastic. If it were, how could ball players and make millions of dollars per year in salary. Movie tickets cost $10 and people still go. A 6.5% tax is not going to change anyone's mind about going to Disneyland. You must not have children professor. Get your thinking cap on professor.
kj @ 7:02 PM PST, Nov 13, 2008
Just curious, but whatever happened to Ahnold's promise to cut out all the "excess" and "wasteful" government spending? Did he ever actually cut anything? If he hasn't, now would be a good time to start.
h @ 2:59 PM PST, Nov 13, 2008
Why tax a percentage? Why not just tax .25 per ticket. I doubt very much that a .25 tax per ticket is going to keep 4 million visitor from going to Disneyland.
RobD @ 1:55 PM PST, Nov 13, 2008
I think the professor is right on. Raising taxes is not the answer to revenue problems. The state needs to do some waste management in the world of Sacramento. Leave my pocketbook alone. We pay enough in taxes. "Fun taxes" will only hurt our economy and jobs.
Pat @ 12:51 PM PST, Nov 13, 2008
Prof. Navarro builds a narrowly focused argument against the "fun tax" that reads like an industry lobbyist wrote it. The doom and gloom he projects may not apply here. If his elasticity theory applied, the repeated hikes in admission and parking would have already devastated Anaheim. Prof. Navarro should be more concerned about parks raising fees that go into corporate profits and CEO bonuses (e.g. Michael Eisner received about $80 million decades ago when Disneyland first implemented a parking fee) and neither produce jobs nor help the local economy.
Barry Garron @ 9:46 AM PST, Nov 13, 2008
I use to hear in economics class that gasoline had a low price elasticity of demand because it was a necessary evil. It seems that perhaps we can rethink that interpretation seeing the decline in consumption that appeared during the last price increase in crude oil.
Arous @ 9:25 AM PST, Nov 13, 2008
Navarro indicates that the price of Disneyland tickets is highly elastic, without offering any evidence. Is this true? It seems to me that ticket prices go up on a regular basis. I would like to see some numbers to compare the rate of ticket price increase with the general inflation rate, and the rate of past price increases compared to the increase the proposed tax would impose.
Jerry Wyant @ 3:01 AM PST, Nov 13, 2008