Sodas a Tempting Tax Target
by David Leonhartd May 19, 2009
“Sugar, rum and tobacco are commodities which are nowhere necessaries of life, which are become objects of almost universal consumption, and which are therefore extremely proper subjects of taxation.”
— Adam Smith,
“The Wealth of Nations,” 1776
That quotation, from the great philosopher of capitalism, appeared at the start of an article that ran a few weeks ago in The New England Journal of Medicine. The article argued for taxing Coke, Pepsi, Gatorade, Red Bull and any other sugar-sweetened beverage, largely to combat obesity.
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