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blockoyesterday at 5:11 PM1 replyview on HN

There's a great deal of labor involved in building+preparing casks, storing them, monitoring, maintaining the temp/humidity of a space. Additionally, a good chunk of the price of aged whisky is just due to the fact that the product is constantly evaporating and you're getting a lower yield on the same initial input. Price increase != value created


Replies

tafferyesterday at 9:19 PM

You're missing the point. The difference between three-year-old and fifteen-year-old whisky is mainly due to capital costs, not labour costs. According to the LVT, capital costs are not real.

> product is constantly evaporating and you're getting a lower yield on the same initial input

This so-called 'angel's share' accounts for ~2% per year, not 10%.