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"Seattle's Soda Tax Goes Horribly Wrong"

The people implementing such a tax probably remembered a fundamental finding of economics: if you raise the price of something, other things equal, they will consume less. But they probably forgot another part of that same finding: those people will substitute into other goods.

See also "Seattle’s Nanny-State Soda Tax Backfired Spectacularly (And Hilariously) New Study Shows".

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