Monday, October 15, 2012

Bloomberg and the Big Bad Soda Ban

Every few years in states like New York and California some state official has “had it up to here” with the obesity epidemic. They vow to do something major about it. That something is often a tax on consumer goods that, in their view, contribute to obesity. Video games, movie tickets, sugary drinks and fatty foods are all frequent targets of these state and local officials who argue that taxes on these goods will reduce consumption. Because such initiatives rarely are approved, there is little data to suggest one way or the other whether “sin taxes” or “fat taxes” actually work.…

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