Sugar and Soda Tax? – The Sugar Tax Debate
by Roger Chartier: 2/3/2012
The US government is considering taxing soda. They could raise $14,000,000,000.00 a year if they manage to pull it off.
The Journal “Nature” is trying to sell the idea of taxing sugar. They have made the claim that it is responsible for 35,000,000,000 deaths each year. Every age group, not just kids are less healthy. They’re getting fatter while consuming more sugar with out much physical activity.
Increase in consumption
Since after WW2 sugar consumption has dramatically increased. The results are obesity, increases in liver failure, hypertension, diabetes, cholesterol and some say, altered hormones.
Researchers state that sugar is a toxin.They further propose that the government should put controls and taxes on it.
A Canadian report on sugar consumption
Claims that there should be a minimum age requirement of 17 to buy a soda. The report goes on to say that it should be controlled like alcohol. Canada is not alone in this thinking.
Currently global prices are around $23 per hundred pounds of sugar produced from points of origin but Malaysia just signed onto a long term deal at $26 a pound showing that there is no sign of government and scientific opinion hurting demand.