Print Page - Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%

Title: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: rcjordan on February 17, 2017, 10:38:34 PM

https://www.bloomberg.com/news/articles/2017-02-17/philly-soda-sellers-say-tax-has-reduced-sales-by-as-much-as-50

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: ergophobe on February 17, 2017, 11:13:10 PM

QuoteFor distributors, declines are higher than forecast because retailers stocked up on pre-tax inventory

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: JasonD on February 17, 2017, 11:16:01 PM

What fantastic news!

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: rcjordan on February 17, 2017, 11:24:51 PM

>retailers stocked up

Yeah, I think it'll knock sales down about 30-40% when supply normalizes. I was kind of shocked by the $$$-amount Philly added as a tax.

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: rcjordan on February 23, 2017, 01:38:15 AM

Mexico's sugar tax leads to fall in consumption for second year running

https://www.theguardian.com/society/2017/feb/22/mexico-sugar-tax-lower-consumption-second-year-running

inside:
The UK intends to introduce a levy on sugar-sweetened beverages in 2018, and estimates it could generate as much as £863m a year from retail sales

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: rcjordan on February 23, 2017, 06:46:13 PM

Looks like this might be a bad year for Big Sugar.

Sugar's "tipping point" link to Alzheimer's disease revealed

http://www.bath.ac.uk/news/2017/02/23/sugar-alzheimer%E2%80%99s-disease/

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: littleman on February 23, 2017, 07:23:17 PM

The data coming out on sugar has been pretty damning. Many politically find it hard to accept a tax to modify social behavior, so I doubt this will happen at a national level anytime soon. If we could get rid of the subsidy on corn and soy it would make HFCS more expensive which might accomplish the same thing.

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: rcjordan on February 23, 2017, 07:37:29 PM

>damning

Don't forget 50 Years Ago, Sugar Industry Quietly Paid Scientists To Point Blame At Fat

http://www.npr.org/sections/thetwo-way/2016/09/13/493739074/50-years-ago-sugar-industry-quietly-paid-scientists-to-point-blame-at-fat

That relates to this thread and the recent one about "When Evidence Says No, but Doctors Say Yes"

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: littleman on February 23, 2017, 08:11:49 PM

Maine asks feds to allow ban on food stamps for candy, soda (http://www.cbsnews.com/news/maine-asks-feds-to-allow-ban-on-food-stamps-for-candy-soda/)

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: rcjordan on March 07, 2017, 12:00:34 PM

Pepsi is laying off up to 100 workers in Philadelphia and blaming a 2-month-old soda tax

http://www.businessinsider.com/pepsi-blames-soda-tax-for-layoffs-2017-3

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: rcjordan on January 09, 2018, 02:55:26 PM

Sticker shock over Seattle's new sugary drink tax

http://www.kiro7.com/news/local/sticker-shock-over-seattles-new-sugary-drink-tax/677490924

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: Mackin USA on January 09, 2018, 03:37:46 PM

Seattle < NO COMMENT ???

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: ergophobe on January 09, 2018, 05:57:58 PM

I'm reading Robert Lustig's Hacking of the American Mind currently. I'm not far enough into it to know for sure, but I think it's fair to say that Lustig argues that Big Sugar used many of the tactics of Big Tobacco and Big Oil to get the populace addicted to their product which, he argues, should not be classified as food.

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: rcjordan on January 09, 2018, 06:01:08 PM

>tactics

How the Sugar Industry Shifted Blame to Fat

https://www.nytimes.com/2016/09/13/well/eat/how-the-sugar-industry-shifted-blame-to-fat.html

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: rcjordan on March 18, 2018, 03:27:55 PM

UK: Why Ribena fans have been left with a bad taste in their mouths

Drinks companies had to decide whether to pay the UK government's sugar tax or to reformulate – which explains why our favourite purple drink now has a slightly odd flavour.

https://www.theguardian.com/lifeandstyle/shortcuts/2018/mar/16/why-ribena-fans-have-been-left-with-a-bad-taste-in-their-mouths

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: littleman on March 18, 2018, 07:07:42 PM

>tactics

One of these is to point out that white sugar consumption has gone down in the last 20 years as obesity has risen; this, of course, is is totally misleading as sugar has been increasingly replaced by HFCS.

Any country that has any type of socialized medicine, including the US, is probably justified in taxing the hell out of sweeten beverages. Diabetes costs $825 billion a year in the US, and I bet a good chunk of that is payed for by Medicare.

Title: Re: Philadelphia’s Soda Sellers Say Tax Has Reduced Sales by as Much as 50%
Post by: rcjordan on February 22, 2019, 02:53:10 AM

<update>

'Soda tax' associated with 50 percent drop in sugary drink consumption in Berkeley CA

https://abcnews.go.com/Health/soda-tax-50-drop-sugary-drink-consumption-berkeley/story?id=61210940

The Core

Why We Are Here => Economics & Investing => Topic started by: rcjordan on February 17, 2017, 10:38:34 PM