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Chicago Soda Tax A Bigger Hot Mess Than Predicted
Back in December of last year, over vocal protests from residents, Cook County, Illinois (which is primarily composed of Chicago) adopted a policy similar to many other cash strapped, liberal municipalities. They decided to save the people from themselves and simultaneously put a bunch of money in the city’s nearly empty coffers by imposing a sin tax on soda and other “sweetened beverages.” Their argument was that soda is unhealthy so people would drink less of it if it cost more, and if they managed to keep the the bankruptcy lawyers away from the door for a while longer, all the better!We’ve written about these sin taxes of various sorts at length here and studied how well they’ve worked out for others. (Spoiler alert: they don’t.) What Cook County was attempting looked to be fraught with problems from the get-go and now the drama is playing out in a hot mess beyond even what I’d imagined. So poorly thought out was this plan that the county seems to be breaking the law no matter how they try to implement it. (CBS Local) More at the link Posted by: badanov 2017-08-13 |
| http://www.rantburg.com/poparticle.php?ID=494869 |