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by Kraig Becker
A new bill found it's way onto the political docket
in Hungary earlier this week, that if passed would create
the world's first "fat tax."
The Eastern European country's parliament will now consider
the bill, which would raise the price of foods that are
deemed as unhealthy.
Proceeds from the new law would then be used to cover
the rising costs of state-funded health care.
When the bill was originally drafted a few months back,
it was immediately dubbed as "the hamburger tax," but
later the Hungarian government decided that fast food
restaurants would not be subject to the new tax.
Instead, they've chosen to levy the tariff on items found
in grocery and convenience stores that are deemed to have
too much salt, sugar, or fat.
If the law goes into effect, those items would go up
in price by 3.7 eurocents or roughly 5¢.
There will also be a 10% increase in the price of liquor
and soft drinks as well.
The bill will be debated by the Hungarian Parliament
later this summer, but is expected to easily pass into law,
making the country the first to actually institute higher
fees on unhealthy foods.
It is estimated that the law would generate as much as 111
million Euros or approximately $157.6 million.
Those funds that are sorely needed to help keep Hungary's
cash-strapped health care system afloat.
What are your thoughts on this so-called fat tax?
Would you pay a little more for foods you love that might
be deemed as unhealthy? Is this any different than the
so called "sin tax" on cigarettes or alcohol?
* docket (n):
= a short document giving details of goods
that are delivered
* dub (v):
= to give something or someone a name
that describes them in some way
* levy (v)
= to officially say that people must pay a tax or charge
* tariff (n)
= a tax on goods coming into a country
or going out of a country
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