The guys at HillBuzz have a question: Do you support measures like “Soda Taxes” in cash-strapped cities raising revenue from unhealthy choices?
My answer is emphatically no, for four reasons:
1) It is a big government idea that restricts individual freedom of choice and discourages personal responsibility, which is the modus operandi of statist socialism.
2) It can be damaging to our economy, especially during a recession.
3) It encourages government to continue spending frivolously and beyond its means, then to pass the cost to the lowest income consumers in what amounts to a regressive tax.
4) There is evidence that, rather than raising revenue, sin taxes may actually have the (supposedly) intended effect of curbing the purchase of the unhealthy products in question. That’s all well and good, but it can lead to further budget shortfalls when government does not raise the projected revenue from the sin tax.
An in depth discussion of my reasons for opposing sin taxes beneath the fold…