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Obama Economist: Taxing Junk Food Will Help Prevent Fiscal Cliff
Godfather Politics ^ | November 26, 2012 | Philip Hodges

Posted on 11/26/2012 4:04:37 PM PST by Tolerance Sucks Rocks

Obama’s former chief economist Larry Summers thinks that one way to break America’s fall off the over-reported fiscal cliff is to raise taxes to the level they were under Clinton’s administration. Echoing Paul Krugman’s 90% tax rate nostalgia and pointing out that it was conservative icon Ronald Reagan who cut taxes to 50%, he said, “It’s 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 that’s beside the point.

Raising already existing taxes is only one way to cushion our fall. Summers, a professor at Obama’s alma mater, is certain that soon we’ll have taxes on carbon, energy and junk food. In fact, he was surprised that Americans didn’t 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 everybody’s lives. And if taxing doesn’t work, just tax more.

(Excerpt) Read more at godfatherpolitics.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; Editorial; Government; News/Current Events
KEYWORDS: carbon; carbontax; cigarettetax; climatechange; diabetes; energy; fiscalcliff; globalwarming; globalwarminghoax; health; junkfood; lawrencesummers; nannystate; nutrition; obama; obesity; smoking; taxes; tobacco

1 posted on 11/26/2012 4:04:44 PM PST by Tolerance Sucks Rocks
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To: Tolerance Sucks Rocks

I would consider this to be a regressive tax on the poorest among us. The leftists have no shame.


2 posted on 11/26/2012 4:07:09 PM PST by CountryClassSF
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To: Eric Blair 2084; SheLion; Gabz; Hank Kerchief; 383rr; libertarian27; traviskicks; bamahead; CSM; ...

Nanny State PING!


3 posted on 11/26/2012 4:08:23 PM PST by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
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To: Tolerance Sucks Rocks

did they include a tax on Christamas sweaters for pet unicorns?

that could help.


4 posted on 11/26/2012 4:09:00 PM PST by TurboZamboni (Looting the future to bribe the present)
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To: 11B40; A Balrog of Morgoth; A message; ACelt; Aeronaut; AFPhys; AlexW; alrea; America_Right; ...
DOOMAGE!

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5 posted on 11/26/2012 4:10:44 PM PST by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
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To: Tolerance Sucks Rocks

This is not about raising revenue, it’s about punishing behavior they don’t like.


6 posted on 11/26/2012 4:11:17 PM PST by GeronL (http://asspos.blogspot.com)
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To: Tolerance Sucks Rocks
Everything but broccoli will be taxed.
7 posted on 11/26/2012 4:15:06 PM PST by bgill (We've passed the point of no return. Welcome to Al Amerika.)
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To: GeronL

They can take my life but they can never
take my Twinkies!


8 posted on 11/26/2012 4:15:06 PM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: tet68

LOL


9 posted on 11/26/2012 4:17:53 PM PST by NonValueAdded (Happy 10th FR birthday to meeeeeeeeee)
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To: Tolerance Sucks Rocks

“In fact, he was surprised that Americans didn’t 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?


10 posted on 11/26/2012 4:18:40 PM PST by headstamp 2 (What would Scooby do?)
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To: tet68; Twinkie

The last twinkie is a freeper....


11 posted on 11/26/2012 4:18:48 PM PST by GeronL (http://asspos.blogspot.com)
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To: Tolerance Sucks Rocks

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.


12 posted on 11/26/2012 4:20:31 PM PST by headstamp 2 (What would Scooby do?)
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To: tet68

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.


13 posted on 11/26/2012 4:23:39 PM PST by alloysteel (Bronco Bama - the cowboy who whooped up and widened the stampede.)
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To: Tolerance Sucks Rocks

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.


14 posted on 11/26/2012 4:24:14 PM PST by Hound of the Baskervilles ("Nonsense in the intellect draws evil after it." C.S. Lewis)
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To: Tolerance Sucks Rocks
Well, they reached the "fiscal cliff" when it came to taxing gasoline, cigarettes, yachts and whatever else they have tried to tax out of existence.

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.

Never mind.

15 posted on 11/26/2012 4:29:44 PM PST by elkfersupper ( Member of the Original Defiant Class)
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To: Tolerance Sucks Rocks
I'm thinkin' Ole Larry's had a few Twinkies hisself...


16 posted on 11/26/2012 4:32:55 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: Hound of the Baskervilles
where when we don’t control ourselves, our meddling government steps in and does it for us.

What part of Art 1, Sec 8 of the Constitution of the United States gives Congress the authority to do that?

/johnny

17 posted on 11/26/2012 4:36:06 PM PST by JRandomFreeper (Gone Galt)
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To: Tolerance Sucks Rocks
Go ahead with the Twinkie tax.

Laffer will be laughing.

18 posted on 11/26/2012 4:39:08 PM PST by Paladin2
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To: CountryClassSF

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.


19 posted on 11/26/2012 4:48:58 PM PST by Marie ("The last time Democrats gloated this hard after a health care victory, they lost 60 House seats.")
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To: Tolerance Sucks Rocks

One just doesn’t know whether to laugh or cry...


20 posted on 11/26/2012 4:51:44 PM PST by metesky (Brethren, leave us go amongst them! - Rev. Capt. Samuel Johnston Clayton - Ward Bond, The Searchers)
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To: Tolerance Sucks Rocks
Taxing Junk Food Will Help Prevent Fiscal Cliff

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????

21 posted on 11/26/2012 5:06:15 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Hound of the Baskervilles
We must control the Fashionistas!

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.


22 posted on 11/26/2012 5:08:24 PM PST by donna (Pray for revival.)
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To: FReepers; Patriots; FRiends


Some make more than one donation
Many make none
Have YOU contributed?


23 posted on 11/26/2012 5:09:02 PM PST by onyx (FREE REPUBLIC IS HERE TO STAY! DONATE MONTHLY! IF YOU WANT ON SARAH PALIN''S PING LIST, LET ME KNOW)
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To: Marie
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.

Yep. The problem with socialism is eventually the thieving politicians run out of everybody elses money to buy votes with.

24 posted on 11/26/2012 5:12:05 PM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Tolerance Sucks Rocks

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.


25 posted on 11/26/2012 5:47:15 PM PST by Eric Blair 2084 (I don't always drink beer, but when I do, I prefer to drink a bunch of them. Stay thirsty my FRiends)
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To: Hound of the Baskervilles

About 15-20 years ago California passed a candy tax. You got it, it hurt sales so they reversed it.


26 posted on 11/26/2012 5:47:37 PM PST by sheana
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To: GeronL

“The last twinkie is a freeper....”

Thanks; I hadn’t thought of it that way . .


27 posted on 11/26/2012 6:42:15 PM PST by Twinkie (ABORTION is GENOCIDE of Blacks & Hispanics!)
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To: Eric Blair 2084

What is the MSA?


28 posted on 11/26/2012 7:10:51 PM PST by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
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To: Tolerance Sucks Rocks

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.


29 posted on 11/26/2012 7:25:56 PM PST by wildbill (You're just jealous because the Voices talk oMnly to me.Reid)
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To: JRandomFreeper

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.


30 posted on 11/26/2012 7:48:38 PM PST by Hound of the Baskervilles ("Nonsense in the intellect draws evil after it." C.S. Lewis)
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To: Hound of the Baskervilles
If they don't have a listed power in Art. 1 Sec. 8, they can sod off. None of their damn business.

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.

/johnny

31 posted on 11/26/2012 7:53:18 PM PST by JRandomFreeper (Gone Galt)
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To: Hound of the Baskervilles

Which would be meaningful, if the government didn’t step in whn we do control ourselves. There is nothing government will not step into.


32 posted on 11/26/2012 7:53:44 PM PST by piasa (Attitude adjustments offered here free of charge)
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To: Tolerance Sucks Rocks

What we need is a real progressive tax. The more progressive you are, the more you should be taxed.


33 posted on 11/26/2012 7:56:26 PM PST by piasa (Attitude adjustments offered here free of charge)
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To: Tolerance Sucks Rocks

Thanks for the ping!


34 posted on 11/26/2012 8:45:42 PM PST by Alamo-Girl
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To: Tolerance Sucks Rocks

ALL LEFTISTS: Tax increases on everything solves everything! It never ends for the worldwide left.


35 posted on 11/26/2012 9:59:40 PM PST by johnthebaptistmoore (The world continues to be stuck in a "all leftist, all of the time" funk. BUNK THE FUNK!)
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To: wildbill

Somebody else will end up making all of these popular Hostess products/American staples.


36 posted on 11/26/2012 10:07:31 PM PST by johnthebaptistmoore (The world continues to be stuck in a "all leftist, all of the time" funk. BUNK THE FUNK!)
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To: Tolerance Sucks Rocks

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.....?


37 posted on 11/26/2012 10:12:30 PM PST by Eye of Unk (A Civil Cold War in America is here, its already been declared.)
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To: donna
There's a reason Hillary wears that suit.


38 posted on 11/26/2012 10:19:53 PM PST by MaxMax
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To: MaxMax

Ha! Look at that!


39 posted on 11/27/2012 12:22:35 AM PST by donna (Pray for revival.)
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To: Tolerance Sucks Rocks
“It’s 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 they conveniently forget that Clinton fessed up that he had raised taxes too much...

40 posted on 11/27/2012 5:29:08 AM PST by trebb (Allies no longer trust us. Enemies no longer fear us.)
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To: Gabz; Conspiracy Guy; Just another Joe; elkfersupper; Mears; SheLion

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!


41 posted on 11/27/2012 6:47:17 AM PST by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: Hound of the Baskervilles

“I never said the government had the right to control us. I said the government will control us if we don’t control ourselves.”

They might think they can try, but that is why our Founders wrote the 2nd ammendment.


42 posted on 11/27/2012 7:02:11 AM PST by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: Hound of the Baskervilles

“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!


43 posted on 11/27/2012 7:13:27 AM PST by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: Tolerance Sucks Rocks; Eric Blair 2084
What is the MSA?

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.

44 posted on 11/27/2012 7:33:17 AM PST by Gabz (Democrats for Voldemort.)
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To: Tolerance Sucks Rocks; Gabz

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.

http://tobaccoanalysis.blogspot.com/2012/11/campaign-for-tobacco-free-kids-boasts.html?m=1

The whole thing is so seedy you are better off not knowing what is going on. It will only piss you off.


45 posted on 11/27/2012 6:17:19 PM PST by Eric Blair 2084 (I don't always drink beer, but when I do, I prefer to drink a bunch of them. Stay thirsty my FRiends)
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