No tax revenue from new sugar tax??? Now the liberal progressives in Berkeley have to figure out what to tax next to make up for it.
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They're still drinking plenty of soda. This is how an excuse tax works.
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The 20% drop in consumption outweighs the 1 cent increase in total revenues. Berkeley actually lost total income revenue.
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You mean the sales tax on the 20% drop? I find that hard to believe, considering the average spray is roughly 16 oz. / 16 c
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The beverage companies unexpectedly paid most of extra costs so consumers would continue buying. Little changed in revenue
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Basic economics, which obviously is beyond the reasoning ability of Berkeley's' liberal, progressive, elite leadership.
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Oh please - they just buy it in the next town over without the tax - u know this is bullshit.
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Too bad diet pop is such poison......and now will be more popular. Unintended consequences.......but so foreseeable.
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Govt can tax anything into oblivion if it wants. It may sound good on paper, but beware your product could be next one govt wants 2 ban
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California is doomed! Governor yoga pants will find a way to tax literally everything. Breathing is next!
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@APPropst Will the companies respond with a change in supply rates due to decline in quantity demand even if they're against the tax?Thanks. Twitter will use this to make your timeline better. UndoUndo
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More expensive sugary drinks? Less consumption. More expensive minimum wage? Uh ... won't affect consumption at all, I'm sure of it.
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of course, people don't have infinite amounts of
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Law of economics works again
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how taxes change consumption : as to this logic, the highest rates must be for junk food ))
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You know
@CocaCola should pull every single sponsorship,endorsement, and discount program it runs in that God-forsaken town.Thanks. Twitter will use this to make your timeline better. UndoUndo
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The Dems do everything they can to close businesses and find money to pay for ridiculous policies.
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