A beef with meat
Ethicist suggests a 50% tax on meat to make Americans and environment healthier
Yes, Singer is proposing a meat tax. Eating meat isn't good for your body or the world in general, he writes in the New York Daily News. Taxing it would help.
Meat eating also wastes food, he writes. Animals consume huge amounts of grains and soybeans, but Americans only eat certain parts of the animals. "We get back only a fraction of the food value we put into them," he writes. Finally, agricultural runoff pollutes rivers and streams.
Bottom line, he writes, is that meat-eaters push costs on everyone. We pay higher health insurance premiums to help care for them. We see more pollution and global warming issues because of meat production.
"Let’s start with a 50% tax on the retail value of all meat, and see what difference that makes to present consumption habits," Singer writes. "If it is not enough to bring about the change we need, then, like cigarette taxes, it will need to go higher."
Singer's idea is "meating" quite a bit of resistance.
Beef isn't like tobacco, which contains nicotine, or like sugary sodas, which have little nutritional value, writes David Farkas of Chain Leader magazine.
"Beef for better or worse is a fundamental part of our food culture," Farkas writes. "Professor Singer: Taxing its purchase is wrong."
A panel scoffed at the proposal on MSNBC's "Morning Joe" program Monday.
"I want to live that way," said host Joe Scarborough about eating meat. "That's up to me."
"You can eat your darned Big Mac," responded host Mika Brzezinski. "I just want you to pay a few cents more to help equalize the health care costs."
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
The push is on for undervalued, cash-rich technology companies to return more money to investors. And there's still room for dividend growth.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.