New York's Sugar Tax
New York state, the state I like to call the "Fiscally Challenged State,"--and yes, I know that California is a worthy contender--is contemplating a tax on soda and sugared drinks. The idea is that government can alter the behavior of people, dissuading them from purchasing an unhealthy product. The real reason behind this is of course to bring money into the coffers of the state--New York is facing a 9 to 13 billion dollar deficit (and that's only what they are telling us). The Times Union newspaper has come out in favor of the tax, saying that the state needs the money and the people need to be told what not to ingest. "Yes, it would be easy to say, just cut spending" posits their recent editorial. Right. But they left one word out: drastically. Just cut spending...drastically. The problem with New York is not that they don't have enough money coming in. They have plenty. The problem is that they have too much going out. And yes, that means that a lot of p...