Philadelphia Soda Tax Leads To 30-50% Plunge In Sales, Mass Layoffs

Zero Hedge ^ | 02/22/2017

[FlingWingFlyer]

Stupidity by politicians does have consequences.

[ISTHISONETAKEN]

You can’t fix stupid....

and I guarantee nobody stopped drinking soda, they are just buying it elsewhere. So loss of jobs, no new tax revenue, no reduction in the actual consumption...mission accomplished.

[Ozark Tom]

If Philly shoppers went to the trouble to shop out of area for soda, they probably went ahead and purchased much more in the same shopping run. Look toward more than just the tax receipts on soda to diminish.

[Psalm 73]

Mayor Kenney harshly rebuked reports of coming layoffs..."I didn't think it was possible for the soda industry to be any greedier,"

What a dumbass.
Sure, like "Big Oil" and "Big Pharma", we have "Big Pop"....

[lee martell]

Ask Mike Bloomberg to subsidize your losses!

[WKUHilltopper]

Tax totalitarian subversive politicians.

[dp0622]

Another loser: labor unions... many of the drivers...have seen pay cut by as much as 70 percent because they’re moving fewer products...

#### the unions. They love dems.

[bigbob]

Exactly right, and not just related items. If they’re driving somewhere to avoid a Philly tax on soda where to you think they’ll fill up the tank or go have a bite to eat?

[sarge83]

Idiot liberals are true products of the public education system. You can employ people and produce mountains of product for a short while but eventually those people have to be paid and the vendors who supply the materials to make your product have to be paid along with all your other overhead. If you have mountains of inventory and it’s still building and little to no sales and revenue coming in reality will come crashing down on all parties involved.

[TMA62]

And I bet that the fake news in philly will try their best to downplay this and not inform the public of the folly of taxes like this.

[dp0622]

That woman who lived until 116 had 3 dr peppers a day for 60 years.

That’s nearly 70,000.

But I think it’s what killed her.

[katana]

My guess is people aren't consuming less. They're moving their purchases out to the suburbs unaffected by the tax. And maybe some enterprising citizens with large trunk automobiles are stocking up and bringing the bubbly nectar back to the city to sell al fresco. Creating criminals and opportunities for black market criminality is probably what government, any government, is best at.

[CIB-173RDABN]

The power to tax is the power to destroy.

In this case it is destroying a market in one area, but opening a market in another. Pretty soon, rather then rescind the tax they will create a SODA POLICE and demand that any soda consumed within city limits have a tax stamp attached.

Then they will begin to go after smugglers.

Next thing you know there will be a black market in sodas.

And in the end they will spend more in enforcement then they get in revenue.

It was a nice touch for them to claim it was for the children. I am afraid that card has expired.

[Mercat]

I drink one, maybe two sodas a month. I drink none of the flavored water. I do drink plain bottled water but not as much as I used to. It’s all too expensive. And the sodas are toxic. When I drink one now I really notice it.... feel yucky for an hour or two.

[treetopsandroofs]

They’re soon going to have to charge way more than that to make up for the loss of federal funds to support illegal alien criminals.

[Red Badger]

Mayor Kenney harshly rebuked reports of coming layoffs late Tuesday night. "I didn't think it was possible for the soda industry to be any greedier," Kenney said in an emailed statement. “…They are so committed to stopping this tax from spreading to other cities, that they are not only passing the tax they should be paying onto their customer, they are actually willing to threaten working men and women's jobs rather than marginally reduce their seven figure bonuses."

THIS GUY IS A LUNATIC!...................

[treetopsandroofs]

I understand all men die of prostate cancer if they live long enough....

[dp0622]

lol.

And bee stings in the theory of all possible outcomes.

[treetopsandroofs]

“It was a nice touch for them to claim it was for the children. I am afraid that card has expired.”

BJ Clinton’s Telecommunications Act of 1996 was “for the children” and gave us Big Media.

86 that POS legislation.