If only Congress would mandate more frequent and longer vacations we could increase the number of jobs (sarc):
According to the American Shore & Beach Preservation Association (ASBPA), which publishes the peer-reviewed “Shore & Beach,” the travel and tourism industry accounts for 10 percent of the U.S. job market, “more than all U.S. manufacturers combined.”
While officials including U.S. Rep. Mike McIntyre (D-NC7) have said every dollar invested in beach nourishment returns $320 in tax revenues, ASBPA in a press release Tuesday said the return in 2012 was as high as $570.
That number, 320/1, sounds high, but even so taxes are transfers so the net effect is zero. Beach nourishment spending should be compared to the consumer surplus gains of the beach trips and the value of protected property to determine if nourishment is a good idea.
