The Hustle Daily Show The downfall of big alcohol: taxes, Gen Z and public health
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Jan 14, 2025 The alcohol industry faces a downturn with declining sales and proposed higher taxes. Gen Z shows a preference for moderation and non-alcoholic choices, reshaping consumption trends. Stricter regulations and health initiatives are challenging traditional marketing strategies. Meanwhile, Ryanair’s two-drink limit proposal stirs debate, reflecting broader industry concerns. Additionally, the discussion touches on tech setbacks affecting various industries, illustrating the interconnectedness of modern commerce.
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Alcohol Industry Downturn
- The alcohol industry is facing challenges like declining sales, proposed warning labels, and higher taxes.
- Public health officials are advocating for these changes to curb alcohol consumption.
Big Alcohol's Trouble
- Alcohol sales are declining, regulators are increasing scrutiny, and the alcohol industry is facing setbacks.
- States like New Mexico are proposing higher alcohol taxes due to high alcohol-related mortality rates.
New Mexico Alcohol Tax
- New Mexico, which has the highest alcohol-related mortality rate in the US, is proposing new taxes.
- These proposals include a flat 3% tax and a 20-cent public health fee, both facing industry opposition.