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Seattle attempts to impose morality with ridiculously high taxes on sugary drinks

Source: rare.us - Jan 10, 2018

Seattle has decided to impose a 1.75 cent per ounce tax on all sugary beverages within the city with the hopes of raising a $15 million revenue stream that it will use for programs to help people “have better access to fresh fruits and vegetables,” as Seattle station KIRO 7 explains. The price of Gatorade Frost Variety Pack at Costco, usually $15.99, with the $10.34 tax, shot up to $26.33, leaving customers with sticker-shock.

There’s more than a few problems with the new tax scheme, which a sign right next to the Gatorade in Costco helpfully demonstrates.

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Category: General Business