Monday, 12 November 2012

Denmark's Fat Tax 2

Denmark's Fat Tax has come unstuck according to a report in Nature,
  • A world-leading ‘fat tax’ has been abolished in Denmark, with the country admitting the controversial attempt at engineering a healthier populace has failed. A planned tax on some high-sugar foods has also been abandoned, marking a setback for advocates of this method of encouraging health.

I had my doubts it would work but didn't think Adam Smith's invisible hand would deliver the knock out blow!
  • ...the country’s tax on unhealthy, high-fat products had driven up prices and put jobs at risk.
Follow the money.

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