The Junk Food Tax: Good for Our Health or Bad for Our Wealth?

obtax1Last month New York Governor David Paterson proposed an obesity tax to be levied on fattening foods.  He characterizes America’s problem with obesity as a crisis.  Drawing a comparison to cigarettes, he suggests that just as cigarette taxes reduced the number of American’s consumption of cigarettes, a tax on certain junk foods should reduce the consumption of unhealthy fare.

Paterson remarked:

“Just as the cigarette tax has helped reduce the number of smokers and smoking-related deaths, a tax on highly caloric, non-nutritional beverages can help reduce the prevalence of obesity”[1]

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