Yep, and that tax will be passed along to consumers.
Why do liberal types think, that if they raise taxes on a business, that somehow the taxes won’t eventually be passed on to the customers of that business??
I know it’s a great sound bite for people to say, let’s raise taxes on Exxon/Mobil or Wal Mart, or in this case, Pepsi and Coke.
But those taxes will eventually be paid by anyone who buys those products. But the politicians act as if that won’t happen.
And the politicians also act as if they will raise the amount of tax revenue anticipated, when they pass these tax levys. When actual tax revenues fall short of the projections, they are shocked, just shocked, that people changed their behavior to pay less of those taxes.
In this case, as we saw in Philadelphia, many will choose to buy these products outside the city limits of Seattle, to avoid the tax.
I call it the Scrooge McDuck theory - liberals really believe that faceless business owners have a vault full of gold in the back room.
Maybe a few believe it, but the real reason is that a lie (taxing "corporations") is palatable whenever it involves other peoples' money.
You see, commies believe that everyone's money belongs to them. By "taxing" corporations it makes extortion seem legal and fair. All animals are equal, but some animals are more equal than others...and some animals are naturally more stupid.
The stupid ones are those who actually believe that corporations pay taxes. The commies really don't care as long as they get their "share", and they need the stupid ones to vote for higher taxes. Bread, circuses, and voting yourself other peoples' money.
Human nature hasn't changed.