https://mises.org/power-market/philadelphias-soda-tax-was-win-politicians-loss-everyone-else
I’ve periodically opined about why politicians should not try to control people’s behavior with discriminatory taxes, such as the ones being imposed on soda.
And I’ve cited some examples of how these taxes backfire.
The big drop in soda purchases after a tax on sugary drinks was imposed in Berkeley.
The big drop in soda sales after a big tax on sugary products in Mexico.
The big drop in soda purchases expected to occur following Seattle’s new tax.
If the following headlines are any indication, we can add Philadelphia to that list.
For instances, this story from the Philadelphia Inquirer.
Or this story from the local CBS affiliate.
These examples reinforce my view that it is not a good idea to let meddling politicians impose more taxes in an effort to control people’s behavior… Read the rest of this entry »
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