Mexico: Taxing the fat out of you
As if inherently inflationary measures made people healthier, Mexico Tries Taxes to Combat Obesity
Congress’s lower house of Congress passed late Thursday a special tax on junk food that is seen as potentially the broadest of its kind, part of an ambitious Mexican government effort to contain runaway rates of obesity and diabetes. It may come with unintended consequences,
Mexican industrial chamber Concamin estimates that processed food companies targeted by the new tax employ thousands of Mexicans and account for 4.1% of GDP. “We can’t allow last-minute taxes,” said Concamin president Francisco Funtanet, suggesting that companies might cut back on personnel and investment to absorb the tax hit.
What about improving the water supply so people can actually drink tap water and not get sick, and not have to rely on soft drinks or beer?
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