So Obama and the Democrats will consider taxes on soda and sugary drinks. This is ironic because we already have the government doing so much wrong on sugar.
Currently we subsidize sugar growers to the tune of $1,200,000,000 ($1.2B) a year. I wonder if the beneficiaries of this subsidy even number in the thousands? We also have import quotas and tariffs on sugar which limit foreign supplies of sugar to U.S. consumers - reducing supply and raising prices.
It gets worse. We subsidize the growing of corn which, in turn, makes corn syrup a more attractive option to food producers. Wouldn't it be nice if we simplified all of this. Forget the tax, stop the corn and sugar subsidies and remove import quotas. Now isn't life simpler.
No comments:
Post a Comment