Fat taxes are not just nannying – they don’t work.
October 11th, 2011 Posted in health by Angela Harbutt
HAT TIP
Here is a very interesting article by Patrick Basham and John Luic, providing a very thoughtful and well-researched piece arguing why fat taxes don’t work. Their conclusion, surprise surprise is that the answer is a simple economic one – demand for food tends to be largely insensitive to price and that there is considerable research on food prices that has demonstrated this inelasticity…
It’s a must read. Here’s hoping that someone puts a copy into David Cameron’s in-tray.
Tags: fat tax
October 11th, 2011 at 11:40 pm
Next you’ll be telling us that obesity is its own punishment, and obese people don’t deserve to be punished even more for their own good. Particularly if they’re poor.
http://www.freakonomics.com/2011/10/10/the-orwellian-efficiency-of-a-being-fat-tax/
http://joeotten.blogspot.com/2011/10/axe-fat-tax.html