Tuesday, July 28, 2009

The More You Weigh-The More You Pay/

My modest proposal to fund the Democrats new health care program with a Fat Tax, a Soda Tax and more Cancer Stick Taxes has received lukewarm support from the only known liberal here in the SUV Capital of the World. More on the FAT TAX-Combine with a Soda Tax & More Cancer Stick Taxes One of the core principles of Democratic Party is to tax "more" of something, whoever has more pays more. I learned about all of that decades ago. That core principal is a part of their DNA. And, "progressive" is one of the two words that pepper their sentences along with "reform". The FAT TAX is progressive, without question, and it taxes more of something, fitting both core principles of the Democratic Party, i.e., the more you weigh, the more you pay. And that will be the ad slogan which I am giving to Charlie Rangel. I really do not want any credit for any of these ideas. Now, Charlie can not argue with the morality of the tax, since it is both progressive and applied to something that is more. As the reader can see, I have thought of all the angles. Hiring new federal workers to administer the plan will reduce the unemployment rate by a 1% or so. Some individuals will change their behavior in response to the tax, moving closer to less of the more subject to tax. This will do more than anything previously done by the government to restrain the growth in medical costs while also providing a growing source of funding for the Democrats to spend for decades to come. LB has already started researching all of the investment angles. RB is just thrilled that LB has returned to being a Stock Jock , after many months of being a Bond Lover.

I noticed this evening many scholarly articles written about the "Fat Tax" including one published yesterday in Forbes. I was surprised about how much research had already been done on the subject by simply googling the phrase "FAT TAX" Unfortunately, all of these articles are merely confusing the American public, and are heading in the wrong direction. Yes, I agree with all of the critics that taxing fatty foods is not the answer, other than the soda tax of course. If you really want to get at the root of the problem, and to change behavior, the Fat Tax has to be applied to the end product of the ingestion process, not to the inputs, and more tax is progressively applied as the taxpayer moves beyond what is deemed acceptable by the government in the BMI index. What could be fairer?

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