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Author Topic: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs  (Read 4334 times)

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Offline IsailedawayfromFR

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #25 on: February 23, 2017, 05:53:40 pm »
The entire state of California will likely adapt this same tactic.

Nobody is loonier than Governor Moonbeam
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Offline Sanguine

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #26 on: February 23, 2017, 06:09:57 pm »
Quote from: Oceander on February 23, 2017, 05:47:11 pm
I agree with the last point.  They have probably single handedly created a black market for sodas.

Who would have thought that that could happen?

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Offline Joe Wooten

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #27 on: February 23, 2017, 06:23:11 pm »
Quote from: Sanguine on February 23, 2017, 06:09:57 pm
Who would have thought that that could happen?

The same folks who created the black market for cigarettes by taxing them to insane levels.....
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Wingnut

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #28 on: February 23, 2017, 06:27:00 pm »
Quote from: Oceander on February 23, 2017, 05:47:11 pm
I agree with the last point.  They have probably single handedly created a black market for sodas.


Psssst Hey Kid...over here.  You wanna buy some soda?

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Offline Gefn

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #29 on: February 23, 2017, 07:00:25 pm »
I wonder how this will affect the fast food industry.
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Offline thackney

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #30 on: February 23, 2017, 07:09:43 pm »
Quote from: Freya on February 23, 2017, 07:00:25 pm
I wonder how this will affect the fast food industry.

1.5 cents per ounce changes their total charges for a meal a far lower percentage.  It is still passed on, but won't be noticed as much.

https://billypenn.com/2017/01/07/philly-restaurant-owners-on-the-soda-tax-thank-god-its-not-on-meat/
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Offline Jazzhead

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #31 on: February 24, 2017, 02:36:09 am »
The bright side - it now makes more sense then ever to drink beer. 
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Offline Idaho_Cowboy

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #32 on: February 24, 2017, 04:41:09 pm »
Quote from: Jazzhead on February 24, 2017, 02:36:09 am
The bright side - it now makes more sense then ever to drink beer.
And there's evidence it's healthier. At least in moderation.  :beer:
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Offline Joe Wooten

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #33 on: February 24, 2017, 08:07:38 pm »
Quote from: Idaho_Cowboy on February 24, 2017, 04:41:09 pm
And there's evidence it's healthier. At least in moderation.  :beer:

Moderation is for monks......
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Offline LMAO

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #34 on: February 28, 2017, 06:58:37 pm »
This tax, and the mayor's reaction to the layoffs, is a perfect exhibit of progressive economic policies. They look at one side of an equation. These people on the city council raised soda taxes and believed it would result in a windfall of money. But, there is a saying that goes if you want less of something, tax it. If you want more of something, subsidize it. They had no understanding how people adjust to the resulting higher prices. It isn't just soda. Progressives create market distortions and then become indignant of the results. They need something to blame for the failure of their policies and the company that is laying off workers as a result of the tax becomes a target
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Offline LMAO

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #35 on: February 28, 2017, 07:02:22 pm »
Quote from: 240B on February 22, 2017, 09:04:18 pm
What a fool. Like most Liberals, he is unable to comprehend simple economics. It is not their fault that you decided to tax them into bankruptcy.


If they pass the tax on, they sell less products. If they sell less products then their bonuses are smaller. Idiot.


So this whiney crybaby screed about 'it's not my fault' is pure bullshit. It is your fault. You own it. Now be a man and own up to what you supposedly believe in.

@240B

I think the mayor knows what he's doing. Sure, like all progressives, he's ignorant on basic economics. But going after the company for layoffs that have resulted from his tax gives him the perfect scapegoat.

Let's be honest. Do you believe basic economics is an understandable concept among the citizens in Philadelphia?
« Last Edit: February 28, 2017, 07:03:16 pm by LMAO »
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Online Fishrrman

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #36 on: March 01, 2017, 01:09:27 am »
Since the "soda tax" ain't workin' as planned, they'll have to try another approach.

Watch 'em slap high taxes on beef, pork and ham next!
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Offline Night Hides Not

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #37 on: March 02, 2017, 04:23:12 pm »
Quote from: thackney on February 22, 2017, 08:24:22 pm
There are other options to consider for the subjects in Philly.

Sports Drinks Are Now More Expensive than Beer Thanks to the Philadelphia Soda Tax
https://taxfoundation.org/sports-drinks-are-now-more-expensive-beer-thanks-philadelphia-soda-tax/

LOL, nothing new. When I was stationed in Germany, it was cheaper to drink two litres of beer than it was to buy a 6 oz glass of Coke (without ice) at restaurants. Probably wasn't due to taxes, but I usually drank beer, of course.

And we're not talking Bud Light, either! 
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Offline Smokin Joe

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #38 on: March 02, 2017, 04:31:21 pm »
Quote from: thackney on February 22, 2017, 08:24:22 pm
There are other options to consider for the subjects in Philly.

Sports Drinks Are Now More Expensive than Beer Thanks to the Philadelphia Soda Tax
https://taxfoundation.org/sports-drinks-are-now-more-expensive-beer-thanks-philadelphia-soda-tax/
I was going to say, the seven course meal (tato chips and a six pack of coke) will just be chips and a six pack. (or maybe a couple of 40s...)
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Offline Smokin Joe

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #39 on: March 02, 2017, 04:47:08 pm »
Quote from: Oceander on February 22, 2017, 08:15:46 pm
:bigsilly:

I'll bet surrounding towns are, collectively, showing a comparable upturn in sales.
Yeah. Running 'Kickapoo Joy Juice' could be a moneymaker again!  :silly:
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How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline Night Hides Not

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #40 on: March 02, 2017, 07:21:04 pm »
Quote from: Victoria33 on February 22, 2017, 08:56:03 pm
@Oceander

This is the free market working.  Put a high tax on something and people won't buy it.  They will find a substitute, and/or, as you say, when they go outside the tax district, they will buy it there.

Case in point: John Kerry and his yacht purchase:

Quote
John Kerry registers his new yacht in Rhode Island to avoid $500,000 in Massachusetts taxes

John Kerry recently purchased a new yacht for $7 million and is berthing this new vessel in Rhode Island to avoid paying $500,000 in taxes to the state of Massachusetts

https://americaswatchtower.com/2010/07/23/john-kerry-registers-his-new-yacht-in-rhode-island-to-avoid-500000-in-massachusetts-taxes/
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Offline IsailedawayfromFR

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #41 on: March 03, 2017, 02:32:16 pm »
Quote from: Night Hides Not on March 02, 2017, 07:21:04 pm
Case in point: John Kerry and his yacht purchase:

https://americaswatchtower.com/2010/07/23/john-kerry-registers-his-new-yacht-in-rhode-island-to-avoid-500000-in-massachusetts-taxes/
Hard to believe the people of Massachusetts were happy with their Senator stealing half a million from the treasury.
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Offline thackney

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #42 on: March 03, 2017, 02:43:29 pm »
Quote from: IsailedawayfromFR on March 03, 2017, 02:32:16 pm
Hard to believe the people of Massachusetts were happy with their Senator stealing half a million from the treasury.

They were not happy.  And after getting caught, he coughed up the payment.

Kerry Agrees to Pay Massachusetts Tax on Yacht Docked in Rhode Island
http://www.foxnews.com/politics/2010/07/27/kerry-agrees-pay-massachusetts-tax-yacht-docked-rhode-island.html

...Massachusetts officials said Kerry was within his rights to base the vessel in Rhode Island, despite owning homes in Nantucket and Boston, but they also said he would be liable for taxes if he brought the yacht to Massachusetts within six months of taking ownership.

Subsequent news accounts placed the Isabel in Nantucket over the Fourth of July weekend and on Martha's Vineyard more recently....
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Offline Night Hides Not

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Re: Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs
« Reply #43 on: March 03, 2017, 03:09:23 pm »
Quote from: thackney on March 03, 2017, 02:43:29 pm
They were not happy.  And after getting caught, he coughed up the payment.

Kerry Agrees to Pay Massachusetts Tax on Yacht Docked in Rhode Island
http://www.foxnews.com/politics/2010/07/27/kerry-agrees-pay-massachusetts-tax-yacht-docked-rhode-island.html

...Massachusetts officials said Kerry was within his rights to base the vessel in Rhode Island, despite owning homes in Nantucket and Boston, but they also said he would be liable for taxes if he brought the yacht to Massachusetts within six months of taking ownership.

Subsequent news accounts placed the Isabel in Nantucket over the Fourth of July weekend and on Martha's Vineyard more recently....

Replace "John Kerry" with "Donald Trump", and one can imagine the reaction... :silly:
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