Lawmakers in cities such as Boulder, Colorado and Oakland, California are asking voters to approve ballot measures that would increase the cost of soda and other sweetened beverages. These so-called “health-related taxes” are supposed to improve the general health of the public by making drinks lawmakers deem unhealthy more expensive to buy, thereby reducing consumer demand for those drinks.
But instead of harnessing economics and social engineering to improve people's health, soda taxes end up abusing taxpayers and improving only the health of governments' revenue streams.
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