Seeking Alpha

Another mayor takes on soda sellers

  • The mayor of New Haven, Connecticut wants to impose a 2% sales tax on soda drinks in the state.
  • Mayor Toni Harp is falling in the footsteps of ex-NYC Mayor Michael Bloomberg in taking on the powerful soda industry.
  • The issue hasn't been a topic yet on the floor of the Connecticut legislature.
  • Related stocks: KO, PEP, DPS.
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Comments (40)
  • dealraker
    , contributor
    Comments (718) | Send Message
     
    Sports drinks, fruit drinks, orange juice, all are nothing but straight sugar. Tax them all; tax them heavy; get consumers to stop drinking them.

     

    Then get consumers off the Internet because no matter how much you try to cut calories you are not going to lose weight sitting in front of the visual revolution, TV, computers, video games, cell phones, etc.

     

    Then tax MacDonald's and extra amount; then tax chocolate more; then tax non-diet products in full at little more; then tax fat people because they require more gas to tote around in SUV's and such. Tax something, just tax it heavy.
    10 Feb, 08:44 AM Reply Like
  • CassandraSees
    , contributor
    Comments (388) | Send Message
     
    Okay dealraker - - "Then get consumers off the Internet because no matter how much you try to cut calories you are not going to lose weight sitting in front of the visual revolution, TV, computers, video games, cell phones, etc."
    Just how much tax are you going to pay for using your computer and the internet and all your other electronic toys and your transportation (because you should walk everywhere instead of using non renewable energy to ride to your destination)?
    "Tax something, just tax it heavy".... You are the "something".....
    10 Feb, 08:53 AM Reply Like
  • BlueOkie
    , contributor
    Comments (5560) | Send Message
     
    We don't need to tax anyone. To stop bad habits and overweight people, cancel ObamaCare. Let medical insurance be the tax on unhealthy activity.
    10 Feb, 09:01 AM Reply Like
  • Rhianni32
    , contributor
    Comments (2039) | Send Message
     
    Cassanrdra: you really missed dealrakers point
    10 Feb, 09:41 AM Reply Like
  • db313706
    , contributor
    Comments (213) | Send Message
     
    Care to share with the group anything you actually endorse?

     

    Yes, those consumer discretionary/staples can be unhealthy if consumed without moderation. But, I also do not believe I'll die young or deserve to be taxed more just because I occasionally play video games (especially if there's a blizzard outside) or enjoy a glass of Coca-Cola or a chocolate bar now and again.

     

    I can see the genuine fundamentals behind what you have to say, it's just that "blanket" statements like this can be dangerous.
    10 Feb, 10:14 AM Reply Like
  • IgnisFatuus
    , contributor
    Comments (2130) | Send Message
     
    Sarcasm is difficukt to convey as reflected in the number of comments that "missed it" in Dealraker's post.
    Soft Drinksand sugar are becoming the new tobacco for politicians.
    10 Feb, 10:25 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
     
    Orange juice and 100% fruit drinks have natural sugar + vitamins. They are almost like eating the real fruit. Soda is nothing but high fructose corn syrup (lab created sugar) and water. Plus so-called diet soda has a chemical to make you consume more. It is proven that drinking soda can make you fat.
    10 Feb, 02:43 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Not all soda uses Corn Syrup.

     

    And your body does not now the difference from Sugar or sugar in fruits.

     

    Nice try. I'm sure you were hoping for some of the proceeds from those taxes.

     

    http://bit.ly/MFXRqs
    10 Feb, 03:05 PM Reply Like
  • slcUTAH
    , contributor
    Comments (535) | Send Message
     
    To Rhianni32. Ha, ha. Exactly. The sarcasm wasn't picked up on.
    10 Feb, 04:17 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
     
    Anything created in the lab is not the same as natural substances. I am very skeptical that (PEP) does not use high fructose corn syrup. I know (OTCQB:JSDA) uses cane sugar, but I doubt (PEP) does too.
    10 Feb, 11:32 PM Reply Like
  • IgnisFatuus
    , contributor
    Comments (2130) | Send Message
     
    Michael, Pepsi "throwback" uses cane sugar.
    10 Feb, 11:45 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (5615) | Send Message
     
    Thanks. Didn't know that.
    11 Feb, 12:12 AM Reply Like
  • CassandraSees
    , contributor
    Comments (388) | Send Message
     
    Rhianni32 - - Perhaps I did miss DealRakers point - - But it did sound like he wants the Government to be his life long nanny, instead of telling people to wake up, do their own research and do what is best, in their own individual lives and for the health of their community - -
    DealRaker is a bit of a control freak, that is why he wants the government to whip everyone into line, with taxes, and probably a police state, according to what HE thinks is best for everyone - - So who died and made him my owner to dictate to me?
    And if indeed DealRaker was just expressing his frustration with the current climate of politicians, perhaps he should absolutely stop giving them ideas of what to tax - -
    11 Feb, 10:53 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    I think DealRaker may have been trying to be sarcastic

     

    Or, at least I hope so.

     

    If not, there are some very scary people out there.

     

    Do as I say, not as I do.
    11 Feb, 10:58 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Connecticut is almost a 3rd world cleptocracy, in which the people exist to serve the Gov't.
    10 Feb, 08:47 AM Reply Like
  • BAHAMAS1
    , contributor
    Comments (2154) | Send Message
     
    Why doesn't this mayor spend more time on trying to fix one of the most crime ridden and continually depressed cities in the U.S.

     

    This potential 2% will not find its way to help anyone/anything in new haven.

     

    Very sad the residents buy into this BS, and if they do, then they deserve the consequences !

     

    I'm an ex connecticutite and glad to be so !
    10 Feb, 09:21 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (594) | Send Message
     
    It is all about generating revenue by any means possible. What would you rather have getting a ticket for everything? Better they tax stuff you have some control over.
    10 Feb, 09:37 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Revenue for what? To hire more tax collectors?
    10 Feb, 09:41 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (594) | Send Message
     
    It is just another form of sales tax. Probably to pay for all the snow removal, perhaps?
    10 Feb, 09:43 AM Reply Like
  • chris hauser
    , contributor
    Comments (43) | Send Message
     
    tax the poor for their own good, that's what it boils down to.

     

    go into any convenience store in connecticut, and watch the lottery tickets fly out the door.

     

    why not add to the burden?

     

    it's embarrassing.
    10 Feb, 10:24 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (594) | Send Message
     
    Lottery tickets were suppose to lower taxes, go figure.
    10 Feb, 11:27 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    But,
    only rich people buy lottery tickets, so it is not predatory on lower income people.

     

    Only banks engage in such behavior. We should punish them too.
    10 Feb, 11:37 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Tax them,

     

    Then buy their vote by giving them a percentage of their own money back.

     

    The MSM will play along.

     

    I am from the Gov't, and I'm here to help you.
    10 Feb, 11:39 AM Reply Like
  • Eric Landis
    , contributor
    Comments (942) | Send Message
     
    Most lottery tickets are bought by lower income people as well.

     

    It is also a tax on the poor.
    10 Feb, 12:46 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Cigarettes too.

     

    But we all know it's the Big Gov't, tax and spend liberals that are always looking out for the poor.
    10 Feb, 12:50 PM Reply Like
  • jumpnjoey77
    , contributor
    Comments (594) | Send Message
     
    Please don't confuse him with facts.
    11 Feb, 09:35 AM Reply Like
  • Capt Jack Daniels
    , contributor
    Comments (1410) | Send Message
     
    Tax the poor for their own good and remove another somewhat legal pleasant joy people might enjoy ?

     

    I bet if successful they'll only later enact some sort of unearned pop credit to people who are disinfranchised and or disadvantaged by having to pay an additional few dollars for their pop?
    10 Feb, 11:17 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Yes,

     

    after the taxation, vote buying always follows thereafter.

     

    That's the motive for taxation in the first place.
    10 Feb, 11:24 AM Reply Like
  • cutterboyus
    , contributor
    Comments (3) | Send Message
     
    Connecticut is just another police state. Its politicos have no legitimacy.
    10 Feb, 12:51 PM Reply Like
  • jumpnjoey77
    , contributor
    Comments (594) | Send Message
     
    Police state? All the hedge funds are there.
    11 Feb, 09:36 AM Reply Like
  • slcUTAH
    , contributor
    Comments (535) | Send Message
     
    Bring it on. Go ahead and tax soda. People are STILL going to buy and drink soda and the politicians know this. I drink on average about the equivalent of a can of Coke a week. If Coke was taxed here in my city I would still drink it. No more and no less. This is just another way of collecting easy money for the politicians because they don't know how to be conservative. This money will go to pay their bloated pensions and money wasting projects. Politics as usual. What's next? Taxing cheeseburgers, french fries, pizza, donuts, Carne Asada burritos?
    10 Feb, 04:31 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    They did it in Mexico.

     

    Just look what it did to KOF shares.

     

    And that's with Sugar & Corn both tanking too.

     

    The tax losses on capital gains, prolly cost more than the sales tax made, LOL

     

    That's how government helps people.
    10 Feb, 04:37 PM Reply Like
  • jumpnjoey77
    , contributor
    Comments (594) | Send Message
     
    Have you been to Mexico. They drink Coke instead of water. From the moment they wake up to the time they go to sleep. Because bottled water cost more and the water for the tap is not clean.
    11 Feb, 09:38 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Indeed.

     

    Mexico highest per capita in soda consumption in the world.

     

    But, big obesity/diabetes problem too.

     

    Hence the recent tax and beat down of KOF shares
    11 Feb, 09:59 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (594) | Send Message
     
    Actually Iceland does. But they use it for mixed drinks - if you been there - you will now what I am talking about. Lived there for 7 months - wow they can drink.
    11 Feb, 11:06 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Mexico & Soda
    http://bit.ly/1iLjHo4

     

    http://bit.ly/1emLLsm
    11 Feb, 11:08 AM Reply Like
  • jumpnjoey77
    , contributor
    Comments (594) | Send Message
     
    I thought we were talking per capita.
    11 Feb, 11:22 AM Reply Like
  • mangum
    , contributor
    Comments (65) | Send Message
     
    There isn't enough money to get me to live in Connecticut or even visit there. Nanny state on steroids.
    11 Feb, 08:48 AM Reply Like
  • mangum
    , contributor
    Comments (65) | Send Message
     
    And did I mention that this mayor is mentally obese?
    11 Feb, 08:52 AM Reply Like
  • 1980XLS
    , contributor
    Comments (3333) | Send Message
     
    Mangum,

     

    Indeed.

     

    I'm here. but likely not for long.
    11 Feb, 08:52 AM Reply Like
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