Sugary drink tax third parties (MXC) and so want to consume at the unregulated market equilibrium to maximize their utility. This means that there is overconsumption of sugar and a welfare loss is created. The sugary drinks tax, a Pigovian tax, is a way to correct the negative externality by regulating the consumption of sugary drinks. Without a sugary drink tax, taxpayer money is used to pay for higher health care costs incurred from high consumption of sugar. Although this solution corrects the negative consumption externality, taxpayers that consume sugary drinks moderately and hence do not contribute to higher health care costs, still
Empire Outlets Empire Outlets Empire Outlets New York City, also known as Harbor Commons, is a retail complex being constructed in the St. George neighborhood of Staten Island, New York City. Empire Outlets will feature 100 designer outlets and a hotel upon its completion in late 2018. It will be the first outlet mall in New York City. The mall is located next to the St. George Terminal, a major ferry, train, and bus hub. Construction on Empire Outlets started in 2015. BFC Partners, based in Brooklyn, is constructing Empire Outlets under the auspices of the developer, an Economic Development Corp named