buying this drinks and that crossing across the border to go buy drinks will still drop consumption and the purchase rate.
buying this drinks and that crossing across the border to go buy drinks will still drop consumption and the purchase rate.
Some economists argue that one of the key political motivations for the introduction of the alcopops tax is to correct for the negative externalities which abusers of alcopops impose on society. Using diagram(s) discuss how a tax on alcopops can correct for negative externalities associated with excessive consumption of alcopops.…
$2.439 trillion will come from additional taxes. The most significant card played in this category gained $1.235 trillion alone. Although it is a daunting task and somewhat unpopular, reforming and simplifying the tax code would definitely be a game changer for our current economic position. With this policy, the tax code will be simplified down to three brackets. Rates would drop to between 8 to 12 percent for the lowest wage earners, 14 to 22 percent for the middle bracket, and 23 to 29 percent for the top bracket. Additionally, we will reduce loopholes and tax breaks, eliminate the Alternative Minimum Tax, establish a territorial tax system for corporate taxes, and decrease corporate taxes from 35 to between 23 and 29 percent. Another significant, yet controversial, taxation would be to phase out the home mortgage interest deduction, which would effectively increase federal revenues by approximately $1.043 trillion. Next, $130 billion will be raised by taxing sugary beverages at one cent per ounce. Though some may argue that this additional sales tax would hurt the beverage industry and, by extension, the economy, there is strong evidence to the contrary. In general, the price elasticity of demand for sugar-sweetened beverages (SSB) is inelastic, between -0.8 and -1.0, according to Dr. Tatiana (Tania) Andreyeva, Director of Economic Initiatives at the Rudd Center for Food Policy & Obesity at Yale University (Andreyeva et al., 2009). Therefore, the small price hike is unlikely to bring about any significant movement along the demand curve for SSBs and the tax will, in fact, increase federal revenues, with the added benefit of helping to combat obesity and, to a lesser extent, reduce health care expenditures. This budget also calls for increased taxes on carries. As it stands, private equity and hedge fund managers enjoy only a 15 percent tax rate on carried interest. By…
Alcohol was once prohibited but then allowed, now large sugar drinks are going to be prohibited. Michael R. Bloomberg a mayor of New York City wants to prohibit the sale of sugary drinks larger than sixteen ounces in an effort to combat obesity. An article titled “Evolutions’ Sweet Tooth” by Daniel E. Lieberman published June 6, 2012 argues that banning of large sugary drinks is the wrong decision to make. Lieberman argues that banning sugary drinks is wont help stop obesity because obesity “at heart it’s a biological problem.” Lieberman supports Bloomberg’s ban on sugary drinks because he states that humans have “evolved to crave sugar.”…
In “Soda’s a Problem but…” Karin Klein distinguishes the government’s issue, “But the mayor’s initiative goes further than something like a soda tax... Bloomberg is playing nanny in the worst sort of way…”(Karin Klein, 289). Simply put, the author explains how the government is overseeing people’s lives and the choices they can make. The government is making decisions by themselves, without the people’s consent! Basically, the limitations on sugary drinks is unacceptable and should be…
In my opinion I think there should be tax for soda, and sweet drinks. First, it states in paragraph three that they are trying to encourage you to exercise more. Secondly, it also stated in paragraph three that they try to reduce suffering and save lives. Lastly, it stated in paragraph two that they try help stop obesity. This is my opinion what's your…
I’d say fat chance. Now, before we implement something as big as a tax on these unhealthy products, we must think of the people this tax affects the most. According to the text, “its impact would fall most directly on the poor, nonwhite people who tend to be the most avid consumers of soft drinks and the most sensitive to price”. One would have to ask themselves, “Would this…
Sacks, G., Veerman, J. L., Moodie, M. and Swinburn, B. (2011) ‘Traffic-light’ nutrition labelling and ‘junk-food’ tax: a modelled comparison of cost-effectiveness for obesity prevention. International Journal of Obesity, 35 (7) July, pp. 1001–1009.…
Some people blame the food or drink that one consumes for their health issues. But that is in fact false, If a person chooses to consume sugary or fattening food knowing that it may not be the best choice. It's not the food or drinks that are hurting these people, it's the people's choices thats hurting them. The right to choose is very important, it give us a variety instead of having one item to choose from. But what if that was ll stripped away?…
Lawerence O. Gostin explains in his article 2016: The Year of the Soda Tax, “In October 2016, the World Health Organization (WHO) recommended that governments tax sugary drinks and other unhealthy products and subsidize healthier options, such as fresh fruits and vegetables” (Gostin 20). Of course, the soda industry was not too keen on the idea and with heavy lobbying, they got the idea quickly hushed before it had any chance to get anywhere. Again, another example of big business’ control over the food industry and even…
Many men and women risk their lives every day trying to protect the freedom of every individual in the U.S. The soda ban will create an uneven playing field for thousands of small businesses and limit individual’s right to choose. Although sugary beverages can cause health problems, people should have a right to choose, even if it is unhealthy.…
In the article “Big fat tax is no gut buster” author Susie O’brien attacking the new tax on the fast food industry. By the opening slogan, “DON’T tax the big mac” she asserts her position on the tax. Written in bold the slogan immediately catches the eye and as it cleverly rhymes is very memorable. The author continues in cementing her standing on the issue by saying that a junk food tax is not the answer and the rhetorical question that, “why should reducing our weight start with our wallets?” Her target audience with this piece would be those for the tax as she argues that there are downsides to a tax on fast food as well as alternatives that could be better.…
Journalist Robert Pearlberg quotes, “In 2010, Denmark increased by 25 percent its excise tax on chocolate, ice cream, sugary drinks and confectionary products… and timing of ads for foods high in fat, salt or sugar (par. 4). With this intention, obesity can prevented for future generations. Moreover, Pearlberg quotes, “The groups in the United States most likely to become obese are racial minorities… least able to access quality medical care (par. 9). However, this solution has an obstacle. Americans have relied on fast food for so long that imposing taxes on unhealthy, or sugary foods is unreliable for them. The poorer families rely on cheap fast-food to feed their families, and Pearlberg quotes that “Regulating food ads is also more difficult in the United States because our courts treat such ads as “commercial speech” constitutionally protected under the First Amendment (par. 6). Stopping obesity will take longer because of their objections on placing soda taxes, or the food commercials being protected by the First Amendment because it is treated as “commercial…
More and more young people are experiencing hypertension and childhood obesity, and because of which are seemingly becoming more prone to various diseases (Should Government Tax Sugary Drinks?). Many take a stand on the issue, as New York for example no longer allows the use of trans fats in their restaurants. Still the cost of unhealthy food has remained nearly the same, while the cost of a high yield diet has soared beyond that of the rate of inflation (Should Government Tax Sugary Drinks?). The idea has been presented that the government place a tax on unhealthy food, such as America’s favorite – soda pop! Various valid points have been made in relation to how this “sin” tax could help to benefit our financial deficit and better influence the people (A Tax That Invests in Our Health). Others object, saying that the tax is a form of discrimination, separating us about our assumed character and wellbeing (Does This Tax Make Me Look Fat?). Though the answer seems so clear to some at first how to go about imposing such taxes, it is important that the complexity of the situation is recognized to see if the tax would be effective enough to be worthwhile.…
People may not be willing to accept this, thinking that obesity it not a problem. They may believe that it 's not our responsibility, that it is none of our business. I believe that there is some validity to these concerns. No, it is not necessarily our business. And if we were to tax sugary drinks, this could affect those on a lower socio-economic level, because these drinks are usually the most affordable for them. As Daniel Engber writes in "Let Them Drink Water!", "We 've known for a long time that any sin tax is likely to be a burden on the poor, since they 're most prone to unhealthy behavior"(643). So yes, there are draw backs from this proposed tax, but in the long run I truly believe that it will pay off for our health. I also believe that if we make the health concerns of others our business, we can help them be healthier individuals. This would go on to make our country as a whole happier, healthier, and stronger.…
Thesis Statement: “High taxes on alcopops are a unnecessary and an ineffective way to stop binge drinking.”…