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Lemme guess - this mayor is a democrat.
Posted on: March 9, 2017 at 16:37:04 CT
GA Tiger MU
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Speaking of regulation… “I know everyone is now focused on what is happening in D.C.,” writes a reader, “but a small story regarding the new ‘beverage tax’ in Philadelphia, initiated on Jan 1, 2017, deserves some attention.”
It appears the mayor of Philadelphia and the city council were caught off guard when presented with the news that soda sales were down over 40% since the first of the year. They failed to foresee how adding a 51% tax on beverages would affect sales in the future, which most kids on the street would have been able to predict.
“The city added this tax on top of the existing sales tax of 6% state and 2% city, making the total tax bill on your soda purchase 59%. So if you picked up $10 worth of soda at the store, by the time you walked out, you would have forked over $15.90 for the soda.
“According to quotes attributed to the mayor of Philadelphia, he is puzzled by the sudden drop in sales and is not quite sure why it is happening. I would bet the struggling citizens of Philadelphia would be glad to help explain it to him.”
And now, Pepsi is letting go up to 100 people at its Philadelphia distribution plant.]
But it’s worse than that. As we mentioned at the time, the mayor is blaming “corporate greed.”
It appears the mayor of Philadelphia and the city council were caught off guard when presented with the news that soda sales were down over 40% since the first of the year. They failed to foresee how adding a 51% tax on beverages would affect sales in the future, which most kids on the street would have been able to predict.
“The city added this tax on top of the existing sales tax of 6% state and 2% city, making the total tax bill on your soda purchase 59%. So if you picked up $10 worth of soda at the store, by the time you walked out, you would have forked over $15.90 for the soda.
“According to quotes attributed to the mayor of Philadelphia, he is puzzled by the sudden drop in sales and is not quite sure why it is happening. I would bet the struggling citizens of Philadelphia would be glad to help explain it to him.”
And now, Pepsi is letting go up to 100 people at its Philadelphia distribution plant.]
But it’s worse than that. As we mentioned at the time, the mayor is blaming “corporate greed.”
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Lemme guess - this mayor is a democrat. - GA Tiger MU - 3/9 16:37:04