There is currently a global campaign to reduce the consumption of soda and ensure that consumers have healthier alternatives. Philadelphia, for instance, is contributing to the campaign through a soda tax while across the pond, the U.K. has implemented a sugar tax. However, despite lawmakers’ best efforts to improve public health, these disastrous policies have only resulted in job loss and economic decline. Even worse, they have not even improved public health. In truth, whether it’s taxing soda or sugar, these ineffective policies deserve to fizzle out.
You can read this piece by Janson Prieb and Aaron Morrison at the Economic Standard.