Could You Pay More to Drink Soda in Berkeley?

Could You Pay More to Drink Soda in Berkeley?

We all know that obesity is a problem in our country. Activists and other interested parties continue to work on ways to help curb this growing problem. Indeed, obesity is neither good for individuals or for our country. However, would creating a new tax to help fight obesity be fair? Moreover, would it even work?

Those questions might soon be answered in Berkeley, California, as the city will weigh the possibility of placing an extra tax on sugary drinks, as officials hope to cut back on this growing epidemic.

Although similar measures have been voted down in other locations, city officials will go ahead with their plan to put the measure on the ballot later this year. The decision comes in part because of the results of a recent survey in which the majority of 500 likely voters reportedly favored the move. Meantime, according to reports, politicians in San Francisco are also considering a similar measure.

Although such measures mean well, as they aim to reduce the public’s consumption of junk food and unhealthy drinks, generally voters have not passed these kinds of bills. Even though the goal behind this measure may be an altruistic one, it would still create an additional tax for which families and individuals would have to foot the bill.

At GROCO we feel that people are already forced to pay too much of their hard-earned money to the government. That’s why we’re prepared to help you with any of your tax preparation or planning needs. Click here to learn more or here to contact us.

We hope you found this article about “Could You Pay More to Drink Soda in Berkeley?” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

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Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

GROCO.com is a proud sponsor of The American Dreams Show.

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.