Fat taxes won’t prevent people getting fat, fatheads

posted by
November 9, 2011
Adam Smith Institute
by Whig  
Posted in Commentary

"Fatty food has an inelastic demand curve i.e. price has little impact on demand. What will happen is people will redistribute their income away from other areas of consumption -- clothing, housing etc and towards the, now more costly, fatty foods that they enjoy or they may simply spend less on food which means they'll cut out any healthier elements of their diets. But they'll still eat fatty foods so they'll be poorer, but still fat. Just like those smokers who still smoke." (11/09/11)

http://bit.ly/tpePBm  

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