When the fight against obesity comes down to a battle against chocolate consumption, winning will be tough.
Berkeley’s Soda Tax Surprise
Because Berkeley’s sugary drink tax has had little impact on price, researchers suggest that lawmakers insufficiently considered elasticity and incidence.
Problems With Sugary Drink Taxes
To avoid inelastic demand, a sugary drink tax would need to increase price substantially. Current taxes that average less than 5% have little impact.