IF we introduced a 100% luxury tax on alcoholic beverages, would that pay for healthcare for the uninsured?

According to the Economic Research Service of the United States Department of Agriculture, retail sales of alcoholic beverages totaled approximately $115.9 billion in 2003 Read more: http://www.libraryindex.com/pages/2127/Economics-Alcohol-Tobacco-U-S-ALCOHOL-SALES-CONSUMPTION.html#ixzz0hzd8uKSf This is a 6... show more According to the Economic Research Service of the United States Department of Agriculture, retail sales of alcoholic beverages totaled approximately $115.9 billion in 2003
Read more: http://www.libraryindex.com/pages/2127/Economics-Alcohol-Tobacco-U-S-ALCOHOL-SALES-CONSUMPTION.html#ixzz0hzd8uKSf

This is a 6 year old figure, if we taxed it at 100% we could raise 120 billion a year for the 18% of americans who don't have health care.. Would that do it?
Update: Rich, I am sking a question regarding an alternative to overhauling the entire health insurance indistry and health care industry.. WOuld you rahter pay a sin tax for those items that are known to cause helth problems (Cigarettes, Alcohol, low nutritional value foods etc.) Or would you rahter your healcare costs go... show more Rich, I am sking a question regarding an alternative to overhauling the entire health insurance indistry and health care industry.. WOuld you rahter pay a sin tax for those items that are known to cause helth problems (Cigarettes, Alcohol, low nutritional value foods etc.) Or would you rahter your healcare costs go up ?
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