Wednesday, August 08, 2007

Fat Tax: Moving into a Higher Bracket

Australian economist Adam Creighton on the drawbacks of taxing foods that contribute to obesity. He proposes, perhaps with tongue in donut, a fat person tax. An excerpt:

Unlike communism’s poor, capitalism’s poor are generally fat, and the very poor even fatter. Indeed, up to one third of the three-year-old children in low-income families are reported to be fat or obese. Thus, to ensure its efficacy, any fat tax should be a bottom-line item on Form 1040, paid after all deductions and credits. For many obese, poor people, the passage of the fat-person tax may be the first time they’ve ever filed a 1040 with a positive liability: an especially poignant incentive to lose weight!

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