Posted on 02/25/2017 2:56:29 PM PST by lowbridge
The Democratic mayor of Philadelphia is touting the success of the citys beverage tax and lashing out at the greed of retailers as sales crater by as much as 50 percent.
City officials say the unpopular soda tax is already exceeding expectations, raking in $5.7 million in revenue in January. The revenue is more than double what officials estimated, which goes towards early childhood education programs in the city. Despite the supposed success of the policy, sales among retailers are getting crushed. Stores are reporting beverage sales down 30 to 50 percent and are planning layoffs to cope with the costs, reports CBS News.
The announcements from multiple stores of impending layoffs is provoking the ire of Mayor Jim Kenney, who appears confused why businesses are not choosing to eat the added costs. Kenney views product price hikes and layoffs due to the tax as a choice by businesses to punish the city and its residents for the policy.
I didnt think it was possible for the soda industry to be any greedier, Kenney told Philly.com Tuesday. 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 womens jobs rather than marginally reduce their seven figure bonuses.
(Excerpt) Read more at dailycaller.com ...
We call libtards “stupid” on this board pretty frequently - because they are. This guy is so far beyond stupid that I’m struggling to find a word that has meaning. This is even stupid by Philthydelphia standards, that’s how stupid it is.
It’s the liberal way - businesses and workers get hurt, but the politicians get more money to throw away - mission accomplished....
Will be interesting to see what phillies fans have to say about when a coke or whatever costs $12 at the ballpark.
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