Philadelphia’s soda tax bombed as predicted
Jazz ShawPosted at 2:31 pm on May 18, 2019
Back when Philadelphia decided to join the ranks of liberal cities fleecing its inhabitants with a soda tax to “improve their health,†we predicted here that it was going to backfire. The effects were felt almost immediately when workers starting losing their jobs at Pepsi. But still, they persevered and stuck with it. Surely people would start opting for healthier beverage options and those big tax revenues would begin streaming in to fill the city’s coffers. Now that they’ve been at it for well over a year, how did it work out? Sales in local retail outlets have plunged by more than 50% and mysteriously people are still drinking soda. (CNN)
Implementing a sales tax may help get Americans to stop drinking sugary drinks, if a new study about Philadelphia soda consumption is any indication.
https://hotair.com/archives/2019/05/18/philadelphias-soda-tax-bombed-predicted/
