Tuesday, September 8, 2009

Taxing the Poor.....

President Barack Obama hinted he could support a “sin tax” on fizzy drinks to help lower high rates of US obesity, but admitted it would be an uphill battle against corporate and economic interests. “I actually think it’s an idea that we should be exploring,” Obama said in the forthcoming issue of Men’s Health, regarding potential taxes levied on soft drinks such as colas and other sugar-filled products...Link

Lets be honest, a tax like this will not slow anybody soda consumption. Just like the cigarette tax doesn't slow people smoking habits. Poor people get hit the hardest by taxes like this.

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