How Michael Bloomberg Wants to Tax the Poor

How Michael Bloomberg Wants to Tax the Poor

Former New York Mayor and current billionaire publisher Michael Bloomberg is having to deal with a couple of issues that became controversial when he was running New York City. One of those issues was the stop and frisk policy, in which police officers would stop people on the street and check to see if they were carrying illegal firearms. Bloomberg offered a mea culpa to the effect that he did not understand how the policy weighed most heavily on communities of color. Of course, he did not also mention that the resulting decrease in violent crime disproportionately benefited the same communities.

The other policy that proved to be problematic when Bloomberg occupied Gracie Mansion was his war on large capacity, sugary soft drinks. The theory behind trying to restrict people from drinking a lot of soft drinks was that too much sugar intake leads to chronic conditions such as heart disease and diabetes. The controversy came in when people objected to a government trying to restrict what is both the pleasant and unhealthy habit of consuming lots of Coca Cola and Mountain Dew.  That brings us to the time Bloomberg was at an event sponsored by the International Monetary Fund when he expounded on the virtues of taxing the poor for their own good, according to RealClearPolitics.

“Some people say, well, taxes are regressive. But in this case, yes they are. That’s the good thing about them because the problem is in people that don’t have a lot of money. And so, higher taxes should have a bigger impact on their behavior and how they deal with themselves. So, I listen to people saying ‘oh we don’t want to tax the poor.’ Well, we want the poor to live longer so that they can get an education and enjoy life. And that’s why you do want to do exactly what a lot of people say you don’t want to do.

“The question is do you want to pander to those people? Or do you want to get them to live longer? There’s just no question. If you raise taxes on full sugary drinks, for example, they will drink less and there’s just no question that full sugar drinks are one of the major contributors to obesity and obesity is one of the major contributors to heart disease and cancer and a variety of other things.”

Bloomberg went on to compare the objections to taxing sugary soft drinks to those about banning coal mining for fear that it would put coal miners out of work. He dismissed the objection by suggesting that there aren’t that many coal miners left and that, besides, the government can find other things for them to do once the coal industry is shut down.  Of course, Bloomberg said that after the 2016 elections that showed that there were enough irate coal miners to swing several states, including Pennsylvania, to Trump.

The theory behind Bloomberg’s idea of regressive taxes on the poor is that if people with less income have to pay more for sugary soft drinks, they will be forced to change to healthier alternatives. The poor would thus be healthier and constitute less of a burden on the healthcare system.

However, Hot Air weighed in and noted a real-world example of the idea of a tax on soft drinks not working the way Bloomberg suggested they would.

“The reality, of course, is very different. Remember when Philadelphia passed their soda tax? Sales plummeted by 51% in Philadelphia but rose in the suburbs where the tax wasn’t being applied. That meant lost revenue (and jobs) for local grocery stores, but not much of an impact on the amount of soda people were drinking. The same thing happened in Chicago when Cook County passed a tax like that.”

Bloomberg might reply that we need a nationwide tax on soft drinks so that people can’t rush off to low tax areas to get their coca-cola fix. After all, a variant on that strategy certainly decreased the consumption of dangerous, recreational drugs (not.) One could just imagine the money the cartels can make smuggling soft drinks across the border.

Hot Air also noted that the policy has the odor of paternalism and nanny statism. The government knows what is better for you than you do, so it has the right to hike taxes on soft drinks or, another oldy by goody favored by Bloomberg, restrict the types of firearms one can possess.

editor

87 thoughts on “How Michael Bloomberg Wants to Tax the Poor

    1. Why should tax payers that are trying to live healthy lives pay for gov.health care for people who are eating,drinking and smoking this poison that we all k ow is causing their health problems.so put a tax on those unhealthy products to help the healthcare system this a good benefit for those who are actually are at least trying to live healthy

      1. DAMN Bloomberg SOBB. The poor are already paying enough. YOU SOBB just trying to run our lives. What about heavy smokers and alkahol drinkers. YOU think you are smart butter YOU are north. SORRY SORRY SOBB SCUMBAG RICH. #########

      2. …if it is so bad, why not make the manufacture of such products illegal…oh yes, did not make a difference with drugs or guns; tons of cars and trucks running around with trunk loads of those on every street corner…guess the only thing to do is do away with the bans and the taxes on these things, and let everyone fend for themselves, remember this is supposed to be a free country…

  1. Mr. Bloomberg, You have NO right to tell people what they can and cannot do in their privacy of their own homes, or what they can and cannot eat or drink. You are a pompass, arrogant ASS! I would not vote for you, for ANY office, even if you were the last man on earth.

      1. This man has no right to tell others what to eat and drink. In fact, the government has no right to tell anyone how to live unless they are harming others. But liberals seem to think that they are the only ones with rights. They are quick to respond with hate and violence when you don’t agree with them. They think they have the right to force their beliefs, ideas, and lifestyles on others. Get real, liberals. You are showing your ignorance and disrepect for others.

  2. Amazing how Bloomberg can twist logic so that it makes sense to tax those who can least afford it
    Notice, he doesn’t want to tax the very rich…..like himself. He’s a fraud and will never be elected.

  3. Taxing the poor! REALLY BLOOMBUTT?! If you’re so worried about sugary drinks,etc taxing the poor IS NOT GOING TO HELP! God how stupid can you be🤣🤣🤣😂😂😂

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  46. bloomberg is the type of liberal NWO agenda criminal that caused Venezuela’s collapse & total misery of the general population , except their socialist tyrant leaders with all the wealth. But the profoundly stupid libtard voters don’t have the intelligence to understand that !

  47. Every Citizen of this country had best keep an eye on this guy! He is so far removed from the “common man” that he forgot the principles that this country was founded upon. That’s Life, Liberty, and the Pursuit of Happiness. If he doesn’t agree with your way of life he “steps on you” to do things his way. None of us need to be treated that way! No “Stop and Frisk”, no Taxes on Soft Drinks, No Abolishing the 2nd Amendment, No more Bloomberg!

  48. With what you stupid retarded demon-rats stand for you will loose, Fight and get this out,now,You stupid Democrats killed the water to hydrogen inventor why? I hope you know your damnation is in hell, Hillary said in 2005 ( that the average democrat voter is just plain stupid, they are so easy to manipulate, that’s the easy part ),It looks like Trump is an oil company stooge to selling us out, you stupid retarded Trump, The only thing that will bring us out of this depression is free energy, hydrogen from water, you can make all the hydrogen, as you drive from a tank of water, you know our space shuttles,are powered by hydrogen / oxygen made from water, tell every one not buy a new car / truck, to boycott the auto company’s, when they can’t sell their pieces of junk low mileage vehicles, they will have to bring out water to hydrogen powered vehicles, and kits to change the vehicles now that we have, just think what our world would be like with free energy. a Porge vapor carburetor sitting in the patient office that gets around 200 mpg, Volkswagen diesel gets 264 mpg, The water to hydrogen auto inventor wouldn’t sell out to the demons from hell oil company’s so the Democrat gov. had him murdered with plutonium poisoning, we are getting ripped off by the oil company owned auto company’s Don’t you think it’s time to take our world back.Once free energy gets out all prices for every thing will drop.
    Also audit all the Senator’s and congressmen, they have wasted, and stole our money, make them repay all, and tax them.
    The economy will never get better, as long as free energy doesn’t come out, and all your dreams will fade away, so spread the word, stop buying new autos and trucks.

  49. “YES!!!” The poor vote Demokratik. Bloomberg is proposing to cut the poor’s financial throats! Now, the poor, and disadvantaged, are in a conundrum! If they vote for Bloomberg, they are voting for their own demise! If the vote for POTUS Trump, no more free lunch! Food Stamps (SNAP) will require a 20 hour per week commitment!

    KAG! Trump 2020

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