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.


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

    1. Why should tax payers that are trying to live healthy lives pay for care for people who are eating,drinking and smoking this poison that we all k ow is causing their health 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… 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🤣🤣🤣😂😂😂

  4. We stumbled over here by a different website and
    thought I may as well check things out. I like what
    I see so now i am following you. Look forward to exploring
    your web page for a second time.

  5. Hello there! This is my 1st comment here so I just wanted to give
    a quick shout out and tell you I truly enjoy reading
    your blog posts. Can you recommend any other blogs/websites/forums
    that go over the same topics? Thanks!

  6. Hi my family member! I want to say that this article is awesome,
    great written and include approximately all significant infos.

    I would like to peer extra posts like this .

  7. Every weekend i used to pay a quick visit
    this web site, for the reason that i wish for enjoyment, for the reason that this this web page conations actually nice funny material

  8. After looking at a handful of the blog posts on your web page,
    I honestly appreciate your way of blogging. I saved
    as a favorite it to my bookmark webpage list and
    will be checking back in the near future.
    Please visit my web site as well and tell me what you think.

  9. Heya! I just wanted to ask if you ever have any issues with hackers?
    My last blog (wordpress) was hacked and I ended up losing
    many months of hard work due to no back up. Do you have any solutions to
    protect against hackers?

  10. I do accept as true with all of the ideas you have presented for your post.
    They’re very convincing and can definitely work. Still, the posts are too brief for beginners.
    May just you please prolong them a bit from next time? Thanks for the post.

  11. Excellent weblog right here! Also your website quite a bit up
    very fast! What web host are you using? Can I am getting your associate link on your host?

    I wish my site loaded up as fast as yours lol

  12. I have been browsing on-line greater than three hours
    nowadays, but I by no means found any fascinating
    article like yours. It’s pretty worth enough for me.
    In my opinion, if all webmasters and bloggers made just
    right content material as you did, the internet will
    be a lot more useful than ever before.

  13. Hello there, I believe your site might be having internet browser compatibility
    issues. When I take a look at your blog in Safari, it looks fine however, if opening in I.E., it has some overlapping issues.

    I just wanted to give you a quick heads up! Other than that, excellent website!

  14. Hi there! This post couldn’t be written any better! Looking through this post reminds
    me of my previous roommate! He continually kept preaching about this.
    I am going to forward this information to him. Pretty sure he will have a very
    good read. Thanks for sharing!

  15. I am curious to find out what blog platform you are using?
    I’m experiencing some small security issues with my latest site and I would like to find
    something more safeguarded. Do you have any recommendations?

  16. Hi, I do believe your site could be having web browser compatibility problems.
    When I take a look at your site in Safari, it looks fine however when opening in I.E., it
    has some overlapping issues. I just wanted to give you a quick heads up!

    Besides that, great site!

  17. Heya i’m for the first time here. I came across this board and I find It really useful & it
    helped me out much. I hope to give something back
    and aid others like you aided me.

  18. Its like you read my mind! You appear to know a
    lot about this, like you wrote the book in it or something.
    I think that you could do with a few pics to drive the message
    home a little bit, but other than that, this is
    great blog. An excellent read. I will certainly
    be back.

  19. Thanks a bunch for sharing this with all folks you really know what you are talking about!
    Bookmarked. Kindly additionally discuss with my web site =).
    We will have a hyperlink exchange contract among

  20. Please let me know if you’re looking for a article author for your blog.
    You have some really good posts and I believe I would be a good
    asset. If you ever want to take some of the load off, I’d love to write some
    articles for your blog in exchange for a link back to mine.

    Please send me an e-mail if interested. Thank you!

  21. I used to be recommended this blog by way of my cousin. I’m not sure whether or
    not this submit is written through him as nobody else understand
    such unique about my trouble. You’re wonderful! Thanks!

  22. I have been browsing online more than 3 hours today, yet I never found any interesting article
    like yours. It is pretty worth enough for me.

    In my view, if all website owners and bloggers made good content
    as you did, the web will be much more useful than ever before.

  23. Nice post. I was checking continuously this blog
    and I’m impressed! Extremely useful information particularly the ultimate section 🙂 I
    take care of such information much. I used to be seeking
    this certain info for a long time. Thanks and good luck.

  24. Woah! I’m really digging the template/theme of this site.
    It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between usability and visual appearance.

    I must say that you’ve done a very good job with this.
    In addition, the blog loads extremely fast for me on Chrome.
    Excellent Blog!

  25. Great post. I was checking continuously this blog and I’m inspired!
    Very useful information particularly the closing phase 🙂 I
    deal with such info a lot. I used to be looking for this
    particular information for a long time. Thank you and best of

  26. Fantastic website you have here but I was wanting to know if you
    knew of any message boards that cover the same topics talked about
    in this article? I’d really like to be a part of group where I can get
    feed-back from other experienced people that share
    the same interest. If you have any suggestions, please let me
    know. Bless you!

  27. Do you mind if I quote a few of your articles as
    long as I provide credit and sources back to your site? My
    website is in the very same niche as yours and my users would certainly benefit from a lot of
    the information you present here. Please let me know if this alright with you.
    Many thanks!

  28. I do not know whether it’s just me or if everyone else experiencing issues with
    your website. It looks like some of the written text within your content are running off
    the screen. Can someone else please comment and let me know if this is happening to them too?
    This may be a issue with my internet browser because I’ve had this happen before.
    Thank you

  29. Hey I am so grateful I found your site, I really found you by mistake, while I was searching on Yahoo
    for something else, Regardless I am here now and would just like to say
    thanks for a marvelous post and a all round enjoyable blog (I also love the theme/design), I don’t have time to browse it all at the moment but I have
    book-marked it and also included your RSS feeds,
    so when I have time I will be back to read more, Please do keep up the superb job.

  30. Having read this I thought it was really informative.
    I appreciate you spending some time and effort to put this information together.
    I once again find myself spending way too much time both
    reading and leaving comments. But so what, it was still worthwhile!

  31. You’re so awesome! I don’t believe I have read something like this before.
    So nice to find another person with some genuine thoughts on this topic.
    Seriously.. thank you for starting this up. This site is something
    that’s needed on the internet, someone with a bit of originality!

  32. Howdy! I realize this is somewhat off-topic but I had to ask.
    Does managing a well-established blog such as yours take a massive amount work?
    I’m completely new to operating a blog but I do write in my journal every day.
    I’d like to start a blog so I can easily share my experience and
    views online. Please let me know if you have any recommendations or tips for new aspiring blog owners.

  33. We are a gaggle of volunteers and starting a brand new
    scheme in our community. Your web site provided
    us with helpful information to work on. You’ve performed a formidable process and our
    whole group will likely be grateful to you.

  34. Woah! I’m really digging the template/theme of this blog.
    It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between user friendliness and visual appearance.
    I must say you’ve done a fantastic job with this. In addition, the
    blog loads extremely quick for me on Safari. Outstanding Blog!

  35. hey there and thank you for your information – I have definitely picked
    up anything new from right here. I did however expertise
    some technical issues using this website, since I experienced to
    reload the website a lot of times previous to I could get it to load
    properly. I had been wondering if your web host is OK? Not that I’m complaining, but slow loading instances times will often affect your placement in google
    and can damage your quality score if advertising and marketing with Adwords.
    Well I am adding this RSS to my email and can look out for much
    more of your respective exciting content. Ensure that you update this again very soon.

  36. Hey fantastic blog! Does running a blog such as
    this take a massive amount work? I’ve no expertise in programming however I had been hoping to
    start my own blog in the near future. Anyways, if you have any ideas
    or techniques for new blog owners please share. I understand this
    is off topic however I simply wanted to ask. Kudos!

  37. I don’t even know how I ended up here, but I thought this post was great.
    I do not know who you are but certainly you’re going
    to a famous blogger if you aren’t already 😉 Cheers!

  38. Hey! This post couldn’t be written any better!

    Reading this post reminds me of my old room mate! He always kept talking about this.
    I will forward this write-up to him. Fairly certain he will
    have a good read. Many thanks for sharing!

  39. Wonderful goods from you, man. I have be aware your stuff prior
    to and you are just too great. I actually like what you’ve obtained
    here, certainly like what you are stating and the best way through which you say it.
    You are making it enjoyable and you still care for to stay it
    wise. I cant wait to learn much more from you.
    This is really a tremendous web site.

  40. Good day I am so grateful I found your webpage, I really found you by mistake, while I was searching
    on Askjeeve for something else, Regardless I am here now and would just like to say
    thanks a lot for a tremendous post and a all round exciting blog (I also love the theme/design), I don’t have time to
    read through it all at the moment but I have saved it and also added
    in your RSS feeds, so when I have time I will be back
    to read a lot more, Please do keep up the fantastic b.

  41. This design is spectacular! You definitely know how to keep a reader amused.

    Between your wit and your videos, I was almost moved to start my own blog
    (well, almost…HaHa!) Excellent job. I really enjoyed what you had to say, and more
    than that, how you presented it. Too cool!

  42. Hello there, just became alert to your blog through Google, and
    found that it’s really informative. I am going to watch out for brussels.
    I will be grateful if you continue this in future.
    Numerous people will be benefited from your
    writing. Cheers!

  43. Greetings from Florida! I’m bored to death at work so I decided to check out your website on my iphone during lunch break.
    I love the information you provide here and can’t wait to take a look when I get home.
    I’m amazed at how quick your blog loaded on my cell phone ..

    I’m not even using WIFI, just 3G .. Anyways, good blog!

  44. I think that what you published was very logical. But, consider this, what if you composed a catchier post title?
    I am not saying your content isn’t good., but what if you
    added something to maybe grab people’s attention?
    I mean How Michael Bloomberg Wants to Tax the
    Poor – Real American Pundit is kinda plain. You should glance at Yahoo’s home page
    and watch how they write news titles to grab people interested.
    You might add a related video or a pic or two to get people excited about what you’ve got to
    say. In my opinion, it could bring your posts a little bit more interesting.

  45. Hello there! I just would like to give you a big thumbs up
    for the excellent info you’ve got right here on this post.
    I am returning to your website for more soon.

  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

  50. GreetingsHey thereHeyGood dayHowdyHi thereHello thereHiHello I am so gratefulgladexcitedhappythrilleddelighted I found your blog pagewebpagesiteweb sitewebsiteweblogblog, I really found you by errormistakeaccident, while I was researchingbrowsingsearchinglooking on DiggAskjeeveAolBingGoogleYahoo for something else, NonethelessRegardlessAnyhowAnyways I am here now and would just like to say thanks a lotkudoscheersthank youmany thanksthanks for a fantasticmarvelousremarkableincredibletremendous post and a all round excitingthrillinginterestingenjoyableentertaining blog (I also love the theme/design), I don’t have time to read throughbrowselook overgo throughread it all at the minutemoment but I have book-markedsavedbookmarked it and also added inincludedadded your RSS feeds, so when I have time I will be back to read a great deal morea lot moremuch moremore, Please do keep up the awesomesuperbfantasticexcellentgreat jobwork.

  51. What i don’t realize is actually how you’re now not really much more neatly-preferred than you may be now. You’re so intelligent. You already know thus significantly in the case of this matter, produced me personally believe it from so many various angles. Its like men and women are not involved until it is something to do with Girl gaga! Your personal stuffs nice. At all times take care of it up!

  52. Just want to say your article is as astonishing. The clarity in your post is simply great and i can assume you are an expert on this subject. Well with your permission allow me to grab your feed to keep updated with forthcoming post. Thanks a million and please carry on the gratifying work.

  53. Wonderful goods from you, man. I’ve understand your stuff previous to and you’re simply extremely magnificent.
    I actually like what you’ve got right here, certainly like what you’re saying
    and the best way through which you say it. You make it enjoyable and
    you continue to take care of to keep it wise. I can not wait to learn much more from you.
    This is really a great site.

  54. We’re a group of volunteers and opening a new scheme in our community.
    Your website offered us with valuable info to work on. You
    have done an impressive job and our whole community will be
    thankful to you.

  55. It is in point of fact a great and useful piece of
    info. I am satisfied that you shared this useful information with us.

    Please keep us informed like this. Thank you for sharing.

  56. It is appropriate time to make some plans for the
    long run and it’s time to be happy. I have learn this submit and if I may I desire to suggest you few fascinating issues or advice.
    Perhaps you can write subsequent articles relating to
    this article. I want to learn more issues about it!

Leave a Reply

Your email address will not be published. Required fields are marked *

Ad Blocker Detected!

Advertisements fund this website. Please disable your adblocking software or whitelist our website.
Thank You!