california soda tax

[foadi]

[Stratego]

Would that include drinks sweetened with the fake crap?

[Stratego]

If I buy a drink with double the syrup I'd be effectively taxed less right?

If I buy a 32oz drink in which 31oz is water, I'd pay $0.32 in taxes. If instead I drink 32oz of syrup, is still only pay $0.32 in taxes. Give me some sugar.

[Professor]

I hear ya Foadi! Nothing like working a bill that you hope passes, just so that you can exploit the consequences to your personal advantage.

Being serious, too.

[uebermann]

wow, a cent an oz seems pretty high to me. I mean if you get one of those super big gulps that are 64 ounces for a buck or whatever it is, that'd be 64 cents in tax. Surely someone is making a profit from that and its not just to battle obesity...

[Stratego]

[The Dude]

I'd rather we end the HFCS subsidies first before taxing sodas.

[Stratego]

If California wants to raise tax revenue it should place a higher tax rate on CA Lottery, but make ticket purchases tax deductible. The tax deductibility will encourage more people to buy tickets thus generating a higher jackpot quicker thus getting even more people to buy it. The increased tax rate will not discourage buyers.

[The Dude]

That is a terrible idea. The lottery is one of the worst things we have; it's a money sink for poor people.

We shouldn't subsidize the lottery, we should abolish it. But this is for another thread.

[Stratego]

It's tax revenue that is completely voluntary. It brings joy to the players and generate tax revenue.