Nov 112012
 

What the world can learn from Denmark’s failed fat tax

Denmark added a tax to fatty foods. Result: prices went up because
A) Foods were taxed at a higher rate

and

B) Food producing companies had to do a lot more paperwork, which added to the cost of doing business, which raised the cost of food (which was now taxed at a higher rate)

End results:

1) Danes crossed borders to buy food cheaper elsewhere

2) Danes lost their jobs

3) The tax just got repealed as a bad idea.

So what can American government officials learn from this? Well, most importantly… TAXES CAN GO AWAY.

 Posted by at 4:03 pm