Maybe democrat politicians and government drones should have taken a few business courses in college when they were getting their degrees in African Studies and Lesbian Studies. The bozos who run Philadelphia (100% Democrats) are shocked and appalled that evil corporations, who have seen their business crater by 40% due to the brilliant soda tax imposed on the people of Philadelphia, would dare layoff hundreds of workers in order to try and maintain a semblance of profitability.
The law of supply and demand is too hard for these democrat dolts to comprehend. These dumbasses multiplied their soda tax by the volume of soda being sold annually in Philly and saw a windfall to support the union government drones and their gold plated underfunded pensions. They failed to take into account price and volume. A 50% to 60% increase in the price of a good results in a dramatic crash in sales.
Due to the crash in sales, Philly will collect far less in tax than they anticipated. Soda companies and retailers are laying off hundreds of people in the city, so wage taxes will decline. The businesses will have far less profits, so corporate income taxes will decline.
Mayor Kenney can point fingers and issue press releases, but reality has already shown his asinine tax to be a complete and utter failure. Democrats are brain dead morons.
Pepsi to lay off 80 to 100, blames soda tax
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