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As a result, this market has virtually disappeared in South Korea

Speaker 1 (29:45): I appreciate that, and thank you for coming on for our April Fools episode

Different State Strategies Each state has a different approach: Some states keep taxes very high to discourage consumption Some keep taxes low to promote tourism Some control the entire supply chain Same product, different policies Examples of Contrast States like Kerala Very high taxes Expensive alcohol States like Goa Lower taxes Cheaper alcohol Policy decides price, not cost Hidden Insight Even tax data doesnt show the full picture

For starters, its not just that the hike in duty was minimal

Erica in '81 (Yale '03), Michael in '85 (Bowdoin '08, turned down Yale to be able to play hockey and sing which wasn't being done at Yale in the 21st century)