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97

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The Benefits of Junk Food

Waist banned , the article that was published in the July 30 2009 edition of The Economist , questioned the sagacity of imposing taxes on items that do not reflect the true social cost of their consumption (Waist banned 1 , such as alcoholic beverages , cigarettes , and gambling While it is true that the government is able to create enormous revenues from these consumer goods , with estimates reaching over 500 billion in a ten-year period , it is also clear that this method

can not assure a healthier populace . Based on several studies that were discussed in the said article , it is clear that in to its claim and purpose , taxing these unhealthy items in hopes of altering the lifestyles of their patrons tended to have effects that are detrimental to the health of the target group

In particular , there is an increasing clamor to impose heavier taxes on junk foods , such as on sugary drinks . This can be evidenced in the proposal of Urban Institute to impose a 10 tax on fattening food of little nutritional value (Waist banned 1 . However , several studies such as the ones done by the Journal of Public Economics , the National Longitudinal Study of Adolescent Health , and the America 's Health and Retirement Survey , strongly suggest that these measures will only prove to be absolute failures , as respondents seemed to be unaffected by the ill-effects of these consumer items

Lastly , the general perception of externality...

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