Alko, Alkoholi and the Fleecing of Finland

Once again, it looks like the Finnish government, in cohorts with the state-owned alcohol racket, Alko, is about to play the age-old trick of fleecing Finns out of their hard-earned money. Yes, the issue of raising alcohol taxes has resurfaced here in a country that already has among the highest alcohol prices in Europe.
Not surprisingly, Finland also has a high incidence of alcohol-related problems due to binge drinking; a commonality among countries that try to influence drinking behavior via raising alcohol prices. Will Finland ever develop a mature, central European drinking culture?
That remains to be seen.
But in the meantime, would you like to see how much this ploy costs the Finnish consumer? Consider that in Germany, .5L bottles of high quality beer cost about 55ct each at the supermarket. That’s 1.10 per-Liter. And wine is about half-price in Germany compared to Finland.
So, it’s not hard to imagine that the Finn overpays by at least 10€ each week, on average, even if he only enjoys drinks at home with dinner. Naturally, the overpayment would be much greater if he’d drink at Finland’s many overpriced pubs and restaurants. To place things in perspective, let’s consider the Time Value of Money.
Suppose he’d have the option to purchase alcohol in Germany (as I normally do) and could invest that 10€ each week in a Stock Fund that yields 10% growth-per-annum. In 25-years, he’d have over 55,000€ saved!
Wow! The Finnish alcohol ripoff has cost the price of a luxury automobile! It’s no wonder that Finns are among the poorest people in western Europe. By the way, would you like to see how Autovero will cost the price of a new flat?

@ 2:23 pm 


