Watching the responses, I've changed my vote to "No". The panelists raised a lot of great points about the holes in Prop E. It's only SF so people will just drive to Daly City to stock up on soda. There are tons of sugary products that won't be taxed. It's a tax at the distributor level, so businesses will just get their soda from outside the city. It's a regressive tax. On and on.
Anyway, I'm not economist either. Perhaps it's best if someone could referred to economic theory, instead of what feels right.
Why not tax cigarettes, soda, pollution, and other bad things. The dead-weight loss from the tax is actually a good thing in these cases.
Agreed that there are always unintended consequences, I don't really know for sure, and democracy is unfortunately usually about feelings.
In the case of income tax, you raise revenue but you change behavior in a negative way (discouraging work). If you instead tax vices and consumption, you can raise money while not causing negative behavior changes (and maybe instead causing good behavior changes).
However, as the parent comment pointed out, you have to really look deeply at a tax to figure out how it will affect behavior. It won't always be in the desired way.
I also like how the myth of fatty food causing obesity is repeated a few times in the panelists. Clearly not experts on nutrition or its effects on the human body.
Get people to bicycle an hour for cigarettes and soda? That's a public health official's dream.
Do you really believe this or is it some kind of satire?
edit: not snarking, I genuinely can't tell if parent thinks fatty food does not contribute to obesity. Obese people aren't obese just because they eat far too much sugar. They're obese because they eat far too much sugar, starch, and fat. It is ridiculous to think that the amount of fat in an obese person's diet has no influence on that person's obesity.
Sounds like you are under the false impression that governments are the ideal size, need to grow larger, or are able to spend money efficiently. Almost all state and city budgets are in a crunch due to mis-management and over-spending, not do to any kind of shortfall in tax collection.
Always vote NO on crap like this. The less ways the government has to collect taxes, the better.
"programs for exercise and to combat childhood obesity, I feel like should come from somewhere else besides the sources"
no, jason, that doesn't make any sense.
this is a compelling argument for dictatorship.