And now, to further tackle health problems in New York City, Bloomberg wants to ban sodas in sizes greater than 16 ounces.
Now – here’s what I love about politics. You can say what your goal is (reduce obesity, in this case) and you can say what you intend to do to do it (ban drinks >16 ounces) but you cannot have a perfectly direct link between cause and effect.
See, if Bloomberg were to come out and simply say “let’s ban fat people,” the public would go nuts. However, if you ban large sodas under the pretense of making people skinnier, it’s okay.
Further, I think it’s kind of funny to think that in the future putting a regular soda in this cup then exchanging it for cash would result in a $200 fine:
(Sidebar: I seriously cannot believe how much cheaper Solo cups are at Amazon when you buy in bulk. The more you know! Thanks to Jeff Bezos for the image.)
Less Soda, Mo’ Money
The economist in me suspects that this soda ban will also be great for state revenues. State, not city. I’m not talking about the $200 fine that Bloomberg proposed.
I’m talking about bottling revenues. The Bottle Bill passed by New York State requires a deposit of 5 cents for every bottle sold in the state. Should the law pass in New York City, you’ll see people purchasing 2-16oz bottles where they might have previously purchased a single 1-liter bottle (one liter is a little less than 32 ounces).
Ballin! The state rakes in two nickels instead of one – two bottles, two deposits. Pretty cool unintended consequence, right?
Great Reads Around the Internet
- Sam writes about getting a PhD.
- MPFJ has an interesting look into the average mutual fund fees.
- Funancials asks why is online dating weird?. Funny to think about how with houses and with dating sites, not everything is as it appears in the picture. Heh.
- Money Beagle tears Epson printers a new one. Seriously the whole “you must buy black/color ink even if you don’t want to use it for this print job” is annoying as all get out.
- PK talks about correcting other people’s financial mistakes. I don’t even bother to give advice; what’s worse than having it completely ignored?
- Mad props to Ashley’s friends who managed to pay off $37,000 in debt in just over 1 year.
- Larry says you’re a fool to prepay your mortgage, and I could not agree more.