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
Scotland Food & Drink Scotland Food & Drink Scotland Food & Drink is the industry leadership trade association established in 2007. It aims to collaboratively grow the value of the industry to £30 billion by 2030 and to reinforce the reputation of Scotland as a Land of Food and Drink. In addition to its private sources of income it receives financial support from the Scottish Government. Every year Scotland Food & Drink helps organise the Scottish Food and Drink Fortnight. Scotland Food & Drink was created in June 2007, and aims to brings together all key sectors of Scotland's food and drink industry, plus