Monday, May 09, 2005

Fast Food Lunacy: Part 2

A few weeks ago we reported on the "Fast Food" tax that "America's First Hip-Hop Mayor" was proposing.

We thought that such an idiotic idea would soon fizzle into oblivion, especially before anyone outside of Michigan would discover our lunacy.

I mean what message are we sending, Granholm wants a 2.3% tax on physician revenue and Kwame wants the "Fast Food Tax."

Unfortunately a few people have noticed:
Business Week
Et Al... (The list goes on...and on...and on...)

Analysis Below...

With taxes that hurt Detroit, Michigan's major city, and with the Governor proposing a tax on Doctors, is it really a wonder why we are the worst performing state when it comes to jobs?

It's not always one specific policy or program that hurts or helps a state, but the mentality of the leadership. When you have arguably the two most powerful people in the state leading in the manner these two are, it is a clear formula for failure. Why is fast food being taxed? Because, like other "Sin" products, if anyone argues why, an easy counter-argument is, "Because it is unhealthy." In other words, you should pay to "hurt yourself." Add to that, the idea that obesity contributes to higher health care costs, and you have a foolproof plan for insta-tax.

Yet, why should we allow our Government to tax something twice, especially when it is an essential product in our lives. Our sales tax already taxes "prepared" foods, therefore there will actually be an 8% tax on fast food.

The big question is, what will constitute fast food? Will it be certain franchises? Or certain ways of preparation? Will Coney Island's count as fast food? How about vendors? What about vendors inside the event complexes inside Detroit? Or will there be the ever famous "exemptions" which come into play? Don't put the tax inside these venues becaus

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