The Next Sin Tax – Twinkies & Ice Cream? A Look at the Food Sin Tax
A New Sugar Sin Tax?
According to Kiplinger, “Folks who represent the food and beverage industry are fighting an all-out war against a federal excise tax on sodas, fruit drinks, sports drinks and other sugared beverages. They are determined to make sure that Congress doesn’t approve such a tax to help offset the cost of health care reform legislation, and they even launched an advertising blitz costing a reported $2 million to make their point. There’s just one problem: No major health care bill pending in Congress includes such a tax.”
I’m not on the new taxation bandwagon, but I like this idea. I drink alcohol responsibly, yet I see the validity behind taxing it – drinking causes an overall increase in health care expenses that we ultimately all end up paying for one way or another. So why not tax the product that is leading to the expense increase? Smoking? Even moreso.
Why I like the Food Sin Tax
So what’s different about taxing high sugar or high fat foods? Obesity is a HUGE problem in this country that has driven up health care premiums for us all. Those who abuse the system through careless food consumption habits should have to pay for it, in my opinion. Not only does it deter the consumption of these foods (which lowers health care expenses for all of us), but it also forces the hand of the market to create healthier food. That’s something that we can also all benefit from.
Food Sin Tax Discussion:
- Do you like the idea of taxes on ‘sin’ foods that are high in sugar and fat?
- What do you think of sin taxes in general?
- What else would you tax (if anything)?