They’ll just…raise prices to offset the judgment.
And lots of people will stop drinking it because of that, and they will be healthier thanks to it.
Lol doubt.
I know quite a few people who have serious Coke addictions. They will simply refuse to drink any other brand and they go through Trumpian levels of the stuff daily. I don’t know what it is about this particular brand. I’ve never met an RC head, but Coke heads are a dime a dozen, unlike the ten bucks a dozen their drug of choice charges.
Mountain Dew. Has more caffeine than coffee.
Touche
I never got into that in my teen years because we had Jolt Cola - branded as “all the sugar and twice the caffeine”
Edit: Now I wonder if people were going into bars back then and ordering a Jack and Jolt, thereby far preceding the Red Bull and vodka.
Does it? Mountain dew has like 50-60mg of caffeine per 12 oz can, where an average 8oz cup of coffee can have somewhere in the 75-100mg range. A standard double shot espresso drink will have anywhere from 75-150mg.
Also, I don’t think the caffeine content is the thing to worry about at any rate, I’m more concerned with the 46g of sugar per can.
Fwiw… Mt Dew Zero has 68mg/12oz. I think regular and diet are 55ish.
lived with a woman who drank a 12 pack a day. IDK how she has teeth
I’ve known pepsi addicts.
I know quite a few people who have serious Coke addictions.
That’s a great way to start a paragraph
Uff that used to be me. I went cold turkey for about 4 month of just drinking water. It then made me realize how coke isn’t even good.
I used to be like that. Drank 4 litres a day. Thankfully I got sick of feeling like shit all the time because of it and switched to just drinking water.
we must never take any action against companies they’ll just raise prices or leave the country or fire everyone or or or or or
If they really have you so much by the balls then they’re a threat and need to be taken down
Keep going, I’m listening.
All my comment was saying is that this is a toothless judgment.
it’s better than nothing, and Coke has competitors that aren’t getting fined, so their hands are somewhat tied
Getting 16 billion in back taxes isn’t toothless… It’s making them pay their fair share…
Toothless would be if there was no way to force them to pay.
By less than the profit that was taxed, because elasticity exists.
And cut wages at the bottom end of the employment ladder, gotta safeguard that C-suite bonus
The CFO, who originally manufactured the tax dodge and got a bonus for doing so, will now have to work out a “restructuring” strategy (IE, cut wages and layoffs) to cover for the increased tax burden… Which will earn them another bonus.
Edit: I don’t know that any of this is true
If you want to boycott a brand don’t spam their brand name on top of the frontpage
What if you want other people to boycott the brand as well?
Do it smartly and don’t give them free ads
Can you give us an example of an appropriate alternate headline for this post?
MEActNOW at mastodon says it’s time for popular junk food soda corporation to pay up
Enlighten me: how do you call for a boycott of a company without mentioning that company’s name?
Everyone knows who the popular red junk food soda corporation is. The thread title doesn’t mention boycotting, as it is it’s an ad.
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Water is not problematic (except for at least four fifths of bottled water)
I thought child slaves are good because more profit? /s
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You know, maybe all those hippies that have been home brewing their sodas lately have the right idea
You should try my craft fizzes. I’ve made a custom… ok I’ve already made myself want to jump off a bridge.
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Fun fact, these back taxes are higher than the share value of the entire company (~$11bn market cap).
Do people upvote these comments without checking anything? Does it sound reasonable for one of the largest companies in the world to be worth only $11 billion?
The Coca-Cola Company is worth $296 billion. I don’t think they’ve been worth only $11 billion since the '80s.
I’m going to stop using this site, as it currently states a market cap of “11,091,895,682” dollars. Thanks for the correction.
That’s a US bottling company that buys from the actual Coca-Cola Company.
The company was formerly known as Coca-Cola Bottling Co. Consolidated and changed its name to Coca-Cola Consolidated, Inc. in January 2019.
https://finance.yahoo.com/quote/COKE/profile/
These bottling companies are the ones that beat people up in developing countries, not the actual manufacturer. They can be confusing.
You’ve got to be fucking kidding me.
Well, I at least stand by my earlier point, that white collar crime is usually way worse than is ever reported.
Good. I hope it hurts.
But it’s only back taxes on profits we know about
Sure, it might be prudent to always assume any reported white collar crimes are at least one order of magnitude greater than we get to know. That said, I was really impressed with their stock ticker company description blurb where they strive to “honor God” in all their works.
Assuming they’re referring to the Christian God, a selfish, emotionally unstable mega toddler, their behavior would be appropriate.
This sort of stuff is why the corporate veil needs to be abolished. If they’re not criminals, then they can buy insurance.
But the IRS will come after meeee! /s
They’ll pay up… Pay up to the wealth defense industry.
Which works out to around $29,200,000.00 / DAY in profits, not even total revenue but actual in the pocket profits, for selling sugar water with some flavor additives…
I love the response, “But this could mean we’d have to pay more!”
… and?
The fact that there are so many legal loopholes to use to save from paying taxes, the fact they go this far to avoid taxes is disgusting.
When you’re a billion dollar company, It’s cheaper to bribe politicians than it is to pay taxes.
There’s a supreme Court judge right now who was giving companies favorable laws for like a pack of twizzlers.
How would that help! Coke sells cola, not Twizzlers! /s
I wish they’d pay the taxes in the country the drinks were bought. Even if the US manages to scrape back some, that’s only one country seeing the taxes owed.
it is just an inevitable consequence of money and lobby based politics. Whoever contributed to turn US elections into something like a pro wrestling match event is to blame
Fun fact, most laws are written by the corporations to which they apply. There’s no possible way for politicians to actually write all of the laws, so they rely on their corporate
paymasterslobbyists to go ahead and write them, then have their staff skim through it all, and then sign off on it before it goes off to the chamber for a vote.
I am sure they totally haven’t made any money off the taxes they didn’t pay. I’d love to steal a million dollars and only get fined a million dollars 10 years later!
The IRS charges interest and penalties.
So they jack up thr prices of their products
How much can they jack up their prices? It’s already like $10 USD for a 12pk of soda.
In the machine where i work they are $5 for one 12oz can
The middle man is taking you for a ride there. Soda is not that expensive.
Where you work is the problem lol, not coke in this instance. A can is like 50 cents
Are you, by chance, a Sherpa stationed half way up Mt Everest?
Is this part of the pay off to Biden’s IRS funding increase?
Willing to bet the 16 bn is not really a year and a half of profits lol
And how many arrests?
You’re not going to believe this, but it turns out that no one knew this was happening - they’re all completely innocent! As long as they promise not to do anything immoral ever again, they’re fine. /s
i dont even know why soft drinks are so wide spread. theyre unflavorful and not even that cheap anymore
Soda is literally an assault on your taste buds… Your tongue is completely numb 😂
Unflavourful?
There are so many things you can complain about and you pick the one things so false an entirely new genre of soft drinks had to be created to tone shit down. Eg; flavored seltzers
You may actually have a medical issue affecting your taste buds, or you’ve never drank a real soda.
