Thursday, June 23, 2016

Public Losing Confidence In The Policy of Tax and Spend

Tax and spend as solution to all of society's problems, a policy accepted by the public since early years of the Great Depression, is slowly losing support of the majority. Decades of public sector inefficiencies that include mismanagement, incompetence, and corruption, and deteriorating standard of livings has the public increasingly rethinking it's role within society and turning against politicians that refuse to offer alternatives.

Headline: Here’s why Philadelphia residents are outraged about the new soda tax

With a 13-4 City Council vote, Philadelphia became the first major city to pass a 1.5 cent per ounce tax on sugary drinks. While it’s a win for Mayor James Kenney, some city residents and business owners are outraged.

“I really don’t like it. I’m disappointed in it,” one Philadelphia resident told Yahoo Finance’s Seana Smith in the video above. “I think it's incredibly regressive, and I think the population it's purported to aid and help is exactly the population it's going to negatively affect.”



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