Hey Toni, You Ready for This?
Philly voters just learned how badly they got screwed by a democrat:
- Soft drink shoppers are experiencing “sticker shock” at steep price hikes on their favorite products after a massive soda tax went into effect in Philadelphia Sunday.
The contentious soda tax secured passage in June but consumers in Philadelphia are still flabbergasted by the price increases the tax is sparking. In some cases, shoppers found that they were paying more for the soda tax than the actual product they were purchasing. The 1.5 cents per ounce tax on sugary drinks is implemented at the distribution level, meaning retailers must choose how much of the cost to pass onto consumers at the shelves. A 12-pack of Lipton Diet Green Tea at a Save-A-Lot in the city is now priced at $8.03, instead the $4.99 it costed in December, reports WPVI.
And how did such a thing happen? Someone failed Economics 101:
- After driving up the cost of soda and other sugary drinks with a new tax, the mayor of Philadelphia is now trying to blame businesses for charging higher prices
[...] "They're gouging their own customers," [Mayor] Kenney said
[...] The distributors sells five-gallon boxes of syrup that can be used in soda fountains, and each box costs a retailer about $60. Thanks to the city's new tax, though, retailers have to pay $57.60 in taxes for each of those boxes of syrup.
"We're not talking about a couple of bucks on a $60 item," Andy Pincus, who owns Carbonator Rental Services, told Newsworks. "We're talking about $57.60 on a $60 item. It's too big not to pass on."
Prickwrinkle raised the County tax a penny per ounce, but it's still going to bite consumers hard. It's going to bite businesses even harder when people start shopping in surrounding counties and even Indiana. And remember, Prickwrinkle herself broke the tie vote, casting the deciding vote at the Board meeting.