The blind morons from NYC (pun intended), who have been making millions off of people getting cancer, via egregious excise taxes, have decided to declare sugary treats (soda, candy etc.) sinful. In an amazing broad daylight mugging, Governor Patterson is raising taxes on cigarettes, by another buck, and adding something new to this years sales tax: 1 cent tax per ounce of soda. How fucking quaint of him.
If local governments continue to abuse their powers via an authoritarian taxing system, people are going to say “fuck you asshole” and throw their coca-cola bottles into the East River, not too much different than the Boston Tea Party. I get it; people are fat and they need to eat healthier. But taxing soda is not going to put broccoli in the faces of America’s obese.
PepsiCo, Inc. [[PEP]] and The Coca-Cola Company [[KO]] have to be sells on this sort of news. If they are going to get the Phillip Morris treatment, next thing you know, the government will sue them for hospital expenses, for treating uninsured fat fuckers.
On a positive note, NYS wants more wine consumption, in order to make more tax revenue. So, they have decided to let grocery stores sell wine. How nice of them.
Just to recap.
Soda: bad
Wine: good
Cigarettes: so very bad. But, an excellent revenue generator.
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‘Nice’ quarter by BAC. The market should gap up 300 pts on such a steller report. The Fed must be sleeping in this morning. No worries; PPT to the rescue at 3:30 on the nose.
Wow – my FXP doing quite well in pre market. BTW Fly Sr, I bought MO yesterday. It holds up great on shitty days.
With all due respect, as goes NYC does not necessarily go the rest of the world. Means nothing to top or bottom line.
Grocery stores can’t sell wine?
Is New York a third world country?
P.S. New Yorkers get what they vote for.
No TC, it matters NOT who you vote for.
They’re all the same!
đŸ˜‰
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Last paragraph should say NYC, right?
The fat fucks who drink soda all day are not going to stop drinking soda for pennies… just like smokers are not going to quit either.
I say tax those fat fucks.
I drink water and take fish oil every day. Let those fatties pay for all this shit. They’ll die young — what the fuck do they need to be saving up for retirement anyway?
It’s good that they will die young.
It is the only way to get our Social Security and Medicare systems solvent.
We should encourage them to eat more, smoke more, drink more, not wear seat belts, etc.
What an amazing point.
Healthy people live much longer, and thus collect social security and medicare longer.
Second, beware the arbitrary tax you support just because you don’t use whatever is being taxed. When the fat people get into office, they’ll tax your abs.
Chicago taxes bottled water as well, and mercury is an additive to the carp oil as to not miss out from the real thing.
dim and narrow minded view.
Skeptical,
You are, truly, a tool.
I say tax water and fish oil you Skeptical goat fucker! After all, there will be a shortage of water someday and you basterds (Japan) are killing our fish supply for oil as a health supplement and sushi!!
If we’re gunna tax the uber-rich for health care etc, we might as well tax health conscious fuckers like you that are wasting are natural resources in the name of virtue … look in the mirror asshole!
Disclaimer: I don’t drink soda but I am a fat fuck from 2″ thick rib eyes, lobster/butter and goumet ice cream not to mention sitting on my ass all day day-trading. Tax chairs and couches cause thats where my fat ass gets fatter and you healthy basterds will have to pay to sit down too – that’s equality.
wow – a bunch of facists on this site. sad. Go watch the movie Demolition Man to see what this society is quickly becoming.
Interesting how the word “Demolition” was used . Isn’t that the real name for the Demolition party/
I just pounded down two huge slices of sour dough toast smothered in butter. MMMMMMMMM butter!
Funny thing is, butter is rising in the “good for you/bad for you” shitstakes against that “I can’t believe this shit is NOT butter” transfatty alternatives.
I always loved the bit from Woody Allen’s Sleeper, when he wakes up 100 years in the future and cigarettes and chocolate are found to be good for you.
(Actually, I think they just did find that chocolate is good for you, not long ago).
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Fuck margarine. It’s the worst shit you can eat. If they didn’t artificially colour it, it would look like grey sewage sludge. Butter is where it’s at, especially if it is organic. Tastes 10^3 better, and your digestive system knows what the fuck it is and how to process the goddamn thing, unlike margarine.
In Quebec, margarine is white by law. Yes, that’s right, it is illegal to sell yellow margarine since it looks too much like butter. It’s a real pain for the companies that make margarine, as they have to make a special “Quebec” version. You want to see government encroaching on people’s lives, try my part of North America.
Tobacco is a vegetable that you can smoke. Win-win.
hahaha NYC folks are getting “kicked in right their coakleys” with new taxes
The best reply to this blind fucker for a governor is simply get the fuck out of NYC and NY State. Make these fuckers go broke and vote with your feet.
One way to get even with Gov. whoever is to allow right turns on red without having to yield to pedestrians and to require all curbs to be at least 5″ high in Albany.
hahaha …. spit my screen on that one!!!
Wow. Cree is on a run here. Really solid earnings. Glad I took Fly’s advice and bought two LED stocks and kept them. This stock looks like it will go higher riding the LED light wave.
You keep claiming you read my blog, but I find little evidence of it from these statements.
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POUNDING THE TABLE!!!!!!!!!!
http://ibankcoin.com/henry_fool/2010/01/20/pound-the-table-on-peix/
how can the market go down? the PPT must have overslept and the Fed ran out of paper and ink.
No, it’s just that the dollar has an excuse to rally now that Obamacare is resting in Davey Jones’ Locker.
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China is beating Uncle Ben to the punch bowl and taking it away.
What will China do with it’s mounds of raw materials?
j
Were my numbers far off on BAC?
State governments are useless anachronisms. ELIMINATE state governments
and all their car registrars and state highway patrolmen; stop all state welfare
and Medicaid, stop contributing ONE DIME to their pension funds for double dippers;
close the state prisons and courts; and cut our Department of Attack by 70%.
The we can cut tax rates in half and still have surpluses.
You are the most fucked up libertarian I’ve ever come across.
Read a Constitution anytime recently…. (ever?)
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Who would fill the state gov. void? The f’ng fed?
Yes, because cutting defense funding by 70% is the way to not get overrun by China. Which is building aircraft carriers by the dozen. And nucular (sic) subs. And so on. Well done, Sir, well done.
Yesterday this coked-up clown said “Markets were UP today because they smell a GOP victory,
and they don’t like a Democrat government.
Cokehead Cramer does not seem to understand that stocks went up 65% since March
UNDER THAT SAME DEM GOVERNMENT.
And what’s happening today? Did they rescind the Mass election?
Buy on the rumor and sell on the news.
No, it’s a dollar rally, is all.
Dollar’s been getting creamed because the currency markets see the printing ahead, and even more so because of idiocy like Obamacare.
Eliminate Obamacare, give the dollar markets a reason to rally.
Unless Nancy and Harry step down effective tomorrow, I’d expect a short term correction.
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Excellent insight Jake. Any idea how much room uup has to run?
I think it might get back to the $23.20 ceiling it hit last month.
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These taxes are CRIMINAL.
Just like the freakin’ $85 “tax” I get if I’m pulled over for not wearing a seat belt.
I am a frickin’ free American. You’re going to tell me that I can’t drink a Coke and smoke a damn cigarette without being super-taxed for it? I paid our 6% state sales tax when I bought the damn pop and smokes, and I paid for them with after-tax dollars!
And you miserable mooks labeling people who drink pop (or “soda” as you call it) “fat fucks” – stop being a tool. What, you don’t drink pop? Maybe you ought to; it’s delicious. I’m skinny as hell and drink at least one coke a day. And if I want to drink 6, I will. And if I want to smoke a pack of Marlboros while I’m doing it, I will do that too – while I’m driving down the road, without wearing a seat belt.
This is absolutely insane.
you rebel.
Bet he cheats on his taxes by rounding up on deductions too ….
You can drink all the soda you want and not see the maleffects. But everyone can’t. As our society gets uglier, fatter and filthier, the select few shouldn’t guide law.
I’m happy there is a tax on that garbage. The body is too complex a machine to chug that sugar shit and inhale those toxins.
You want to kill yourself the hard way? Cut yourself. The easy way? Shoot yourself. All of a sudden my air is cleaner and I have more room on an airplane; makes me happy.
Let not your annoyance at others’ inadequacies translate into a tacit agreement to fill the far filthier gummymint’s coffers.
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As a person who cares about his health, avoiding cigarettes and soda, I’d rather them tax those things than my income…
You sir, are an “internet saint”. OK, you don’t drink pop or smoke cigarettes; only you know the countless other ways you negatively affect your health. Oh, they’re there.
Not referring to you in general, Chivo, but the same multitude of people who would condemn drinking pop or smoking are having casual sex outside of marriage, working themselves into strokes, drinking copious amounts of alcohol regularly, etc. But these are “lifestyle choices” and not to be judged.
I guarantee I am at least as healthy as you. And on this board, you are posting dogmatically, as if you know what’s best for the rest of us as well as the appropriate punishment for violating your opinion. You are guilty of the same sin as the gov’t; that is, you ignore the log in your own eye while pointing out the speck in others’.
And the funniest thing of all is that the gov’t is taxing us under the pretense that they care about our health!
Hear hear! Soda is the tool of the devil, more so than cigarettes these days.
You really should wear your seat belt, althoug I agree it ought not be a taxable offense.
This state is notorious for Darwin cases not wearing their seatbelts and getting chucked from their cars and perishing in eminently survivable auto accidents.
It’s just not that much of an inconvenience given the consequences.
(Full disclosure, my life has been saved by seat belt usage)
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I appreciate your concern, sir; I usually do. I was just painting a picture.
I heard per capita american sugar consumption is 350 lbs/yr – mostly via soft drinks.
Most are indeed fat fux [sic]
Cue up the scene from Full Metal Jacket – it’s a huge shit sandwich, and we’re all gonna have to take a bite.
This is what you call a reversal…I hate when that happens.
FLY said expect to lose money (long) a few days ago.
Dont turn on him (in public), or he may be resistant to sharing more golden nuggets of info.
On a side note, I stopped out of SQM at b/e today. I’ll try again lower.
I believe we are about 15 minutes away from that pivot. IWM nearing the last pivot low. The QQQQs seem to be right at that low.
http://bit.ly/4qzK2n
Good on you for putting those additional Haiti charities on your site, Darth.
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WINE IS GOOD FOR YOU!!! I have about 7-8 cups everynight…
Numerous studies says its good for you!!! Reduces cancer or some shit…
At 3pm, im going to buy some SPY’s Call for a quick day trade….watch, people are going to jump in at the end of the day claiming…”THE DIP IS HERE!!!” We are down 200 now, i woudnt be suprised if we finished at negative 80.
If anyone is looking for shorts, I like GCI, NYT, DAN & CTRP as shorts right here.
What a gift! FCX pulled back to <$82. This allowed me to load up the final 1/3rd position before earnings on Thursday. China isn’t taking reckless monetary actions that will destroy a fragile economy. It is taking necessary actions to slow down what is going to be run away GDP in 2010. This knee-jerk reaction in commodities and the market will be met with fierce buying when people realize what this really means for commodities.
Agreud.
Although I like BHP better. heh.
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SRS truly blows. PPT is protecting CRE how?
Increasing sin taxes is bullish for the black market types and maybe soda substitutes, stevia producers. I don’t know if/how it could be played effectively.
Illegal drugs are expensive, mainly because they are illegal.
Look for you broke governments to get into (legalize) & “control” these drugs in the future for the betterment of their budgets.
Another thing worth pointing out:
These taxes are not taxes on fat people – they are taxes on the lower class.
Taxing soda, cigs, fast food, etc., is taxing poor people.
Treau dat
I’d better check on my dad – days like this he ponders financial suicide.
Watching INTC to lead SMH for a daytrade here.
I think we found our pivot on the day. Lets see if this holds.
http://bit.ly/8AmBWq
TELL THAT BITCH TO CHILL!!!!!!
http://ibankcoin.com/henry_fool/2010/01/20/tell-that-bitch-to-chill/
All in post with positions.
Now that I lost the election I would like to state that I lost due to the new Alcohol tax in Masschusettes (Did I spell that correctly?)
The Red-neck pickup beer drinking crowd voted 10-1 in favor for Brown. FWIW, I expect to see this type of voting passion across the country.
Yours truly,
Marsha Coakley
my my…hey hey…I only got one thing that I can say…put alll your money into SIRI and then go away…far far far away…there is more to the picture then meets the eye…hey hey …my my
Say it FLY…..Bulls horrified in “Fuck you, you’re dead” trading.
momo stocks like AMZN, PCLN, GOOG all now below 50 day moving average.
http://is.gd/6Gi4q
BIDU only excluded due to Google/China flare up… that only leaves AAPL
GOOG reports tomorrow – should be interesting
I’ll say it… “Momma, I’m skeered. Those big bad bears are skeering me. Make em go away Momma. Make em go away”
I’m with TC. Watch INTC. That is all. Carry on.
Go ahead, jump in the FAZmobile. See where that gets ya.
Note to FAZtards: Better wear your seatbelt, helmet, and a parachute for good measure. Not that any of those will help you when you’re broke…
Fly, I did not appreciate waking up to Japanese beetles chewing on my crotch.
I thought we made a fucking deal you cocksucker. To avenge my wounds as well as my wife’s new hairdo, I will personally be paying a visit to Mrs. Fly while you are away today. After she makes me lunch and I use your phone to check in with the local temp service, I will make my way up to your bedroom, excusing myself as having to go to the restroom.
I have massive fucking diarrhea that I am going to unload all over your bathroom floor. I will clog the toilet with napkins and flush consistently until your bathroom is flooding. You will think twice next time before you pull this shit again.
God my fucking groin burns from rubbing cream all over it this morning. Fuck you.
Oh dear! Don’t rub the genital herpes cream to rough then…. Freaking weirdo….
I like Coke as a product and a company. Coca-Cola was the first major American company to be head by a minority, a Hispanic. Next time you admire a Norman Rockwell painting or have your child sitting on Santa’s lap, thank Coke. The Cold War thankfully was not won with tanks, guns and nukes, but with a cheeseburger and a Coca-Cola.
Concerning Governor Paterson’s proposed soda tax and the absurd justification behind it. I dislike when my tax dollars are use in the name of bad science. Soda has been around since 1265.
See… http://en.wikipedia.org/wiki/Soft_drink#History
The obesity problem has been what the last 2 or 3 decades. Do the math. Consumption isn’t the issue, the lack of physical activity is. It doesn’t matter what you eat, celery and vitamin pill or a chicken wing with gravy. If you don’t get off the couch, you will suffer from bad health.
It offends me that some politician is planning to tax my freedom of choice in the name of a problem he will do nothing to solve. The evaluation of Governor Paterson’s soda tax really comes down to one question. How much of those soda tax dollars will fund physical exercise programs vs. pet projects to keep the politicians in office?