Skip to comments.Obama Economist: Taxing Junk Food Will Help Prevent Fiscal Cliff
Posted on 11/26/2012 4:04:37 PM PST by Tolerance Sucks Rocks
Obamas former chief economist Larry Summers thinks that one way to break Americas fall off the over-reported fiscal cliff is to raise taxes to the level they were under Clintons administration. Echoing Paul Krugmans 90% tax rate nostalgia and pointing out that it was conservative icon Ronald Reagan who cut taxes to 50%, he said, Its hard to believe that raising the top tax rate to 39.6 percent where it was under President Clinton will do grievous damage to the economy. Of course, Reagan also cut the top tax rate to 28% in his second term, but thats beside the point.
Raising already existing taxes is only one way to cushion our fall. Summers, a professor at Obamas alma mater, is certain that soon well have taxes on carbon, energy and junk food. In fact, he was surprised that Americans didnt yet have a tax on carbon and energy, considering that carbon and energy usage is directly related to the solar cycles that affect global temperatures. Or so liberals think. Taxing such usage will surely convince the sun to alter its behavior so that the average global temperature will go down a couple degrees and stop all the hurricanes from ruining everybodys lives. And if taxing doesnt work, just tax more.
(Excerpt) Read more at godfatherpolitics.com ...
I would consider this to be a regressive tax on the poorest among us. The leftists have no shame.
Nanny State PING!
did they include a tax on Christamas sweaters for pet unicorns?
that could help.
This is not about raising revenue, it’s about punishing behavior they don’t like.
They can take my life but they can never
take my Twinkies!
“In fact, he was surprised that Americans didnt yet have a tax on carbon and energy, considering that carbon and energy usage is directly related to the solar cycles that affect global temperatures”
And how precisely is that related Larry?
The last twinkie is a freeper....
Listen folks, these bastards are going to try to tax everything. They are simply NEVER going to cut spending.
You are already seeing the rationale building for nothing but tax increases.
Oops, sorry, the Twinkies are already effectively removed from the market.
Only the very wealthy or very extravagant may have access to them now....
Taxing “junk food” as a revenue source is the equivalent of spitting in the ocean. The tsunami thus created will in all probability escape any notice.
I will probably catch a lot of flack for saying this, but the proposed junk food tax is one of several situations where when we don’t control ourselves, our meddling government steps in and does it for us.
Might as well try food.
We tried to warn people.
The next thing that will be taxed is the air that you breathe - oh, wait - it already is.
What part of Art 1, Sec 8 of the Constitution of the United States gives Congress the authority to do that?
Laffer will be laughing.
Smokers have been telling us for years that something WE love will be taxed and punished by the government someday soon. The Left never stops.
Before you know it, there’ll be a tax on mountain climbing equipment.
But AIDS... heck, the gov’t will encourage you to get that.
One just doesn’t know whether to laugh or cry...
Finally - the freeloading democrat base would have some skin in the game (but still using our money to pay those taxes).
BTW, seriously, what are the democrats willing to sacrifice for the fiscal cause, anyway? All I've heard about so far is taxing Republicans more. What about their "fair share?" What are they going to contribute????
The Mao suit: ideology expressed through dress Mao Zedong recognized the power of dress to project nationalism and ideology. On 1 October 1949 at the grand ceremony in Beijing marking the founding of the People's Republic of China, he wore a modified form of the Sun Yat-sen suit. Mao had worn this style of suit since 1927 but it was only after 1949 that it was adopted by the majority of the Chinese population. It is known in the West as the Mao suit.
Yep. The problem with socialism is eventually the thieving politicians run out of everybody elses money to buy votes with.
The Big Pharma anti smoking front groups spread this lie in order to encourage states to hike cigarette taxes.
The sales pitch was “you will save billions in Medicaid health costs. Crack down and coerce smokers to quit and buy our nicotine gums, lozenges, patches.”
The 2 dirty little secrets were...
1. Smokers on average die earlier and save the STATE money.
2. Gubmint makes more money off cigarettes than Big Tobacco. The MSA made them partners in crime.
I don’t know what Big Phrma has up their sleeve with obesity but I bet you it involves a pill and billions of dollars.
Electronic cigarettes just prove for the 6,596,425,501st time in human history that human engenuity and brilliance beats central planning every time.
About 15-20 years ago California passed a candy tax. You got it, it hurt sales so they reversed it.
“The last twinkie is a freeper....”
Thanks; I hadn’t thought of it that way . .
What is the MSA?
Unfortunately, Twinkies and Hostess Cupcakes are going out of business and won’t be able to contribute to the revenue stream necessary to avoid the fiscal cliff.
I never said the government had the right to control us. I said the government will control us if we don’t control ourselves.
If we Americans would control our eating habits and not burden the the healthcare system with self-induced illness and diseases, the government do-gooders would have no or at least less reason to get in our lives about it.
We gripe about Americans, who lacking self disipline, don’t work and become a burden on the system. But its somewhat of the same thing when we as Americans are making ourselves fatter and fatter and sicker and sicker, due lack of self discipline in our eating patterns, put burdens on each other in terms of the high cost of health care and health insurance.
I paraphrase Ralph Waldo Emmerson who said, Every man talks about improving society, but no MAN improves. Meaning to me
that society is made up of individuals. The more self discipline each individal has, the better the society we will have. I hate government control, but there are things we do or don’t do to bring some of this government control upon ourselves. Just sayin.
It's the government do-gooders and their enablers that allowed placing one persons burdens on another in the first place.
Don't be an enabler, and excuse unlawful behavior by government.
Which would be meaningful, if the government didn’t step in whn we do control ourselves. There is nothing government will not step into.
What we need is a real progressive tax. The more progressive you are, the more you should be taxed.
Thanks for the ping!
ALL LEFTISTS: Tax increases on everything solves everything! It never ends for the worldwide left.
Somebody else will end up making all of these popular Hostess products/American staples.
Whats next, a society that has its people with countdown clocks embedded in their DNA, you have to pay a Life” tax to get additional life?
Oh wait, they made a movie about that didn’t they, and the ending.....?
Ha! Look at that!
Of course they conveniently forget that Clinton fessed up that he had raised taxes too much...
Nope, didn’t see this one coming. Oh well, at least our clothes don’t stink. Who cares about individual liberty, or private property, when we can bend others to our will!
“I never said the government had the right to control us. I said the government will control us if we dont control ourselves.”
They might think they can try, but that is why our Founders wrote the 2nd ammendment.
“If we Americans would control our eating habits and not burden the the healthcare system with self-induced illness and diseases, the government do-gooders would have no or at least less reason to get in our lives about it.”\
And there you have it. You have already accepted their base assumption that it is acceptable to approach health care as a collective. It used to be that insurance was a product that allowed individuals to pool risk, then it transitioned to a collective, socialistic system of care.
By accepting that argument as your starting point, you make it acceptable to allow for a ruling class to dictate any aspect of our lives that affect the cost of that care. There is no limit!
The pact the tobacco companies signed with the government to reimburse it for years of sick smokers - the catch is not a single penny has come from any tobacco company. The $200+ 25 year agreement is paid 100% by smokers with a 45cent per pack "tax" -
So when you hear talk abut the tobacco industry settlement and paying the government remember, only smokers are paying for it.
Gabz explained it well. Basically, the $500/hr “evil” big tobacco company lawyers were brilliant and took advantage of the greedy state attorney generals. They cut them in as partners. Gubmint makes more money off cigs than the companies who make them. Billions.
The states used the money and collateralized it in tobacco bond offerings to plug budget deficits.
Gabz best friend Dr. Siegel had a post about it today.
The whole thing is so seedy you are better off not knowing what is going on. It will only piss you off.
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