Posted on 01/03/2016 2:08:13 PM PST by ScottWalkerForPresident2016
They are so stupid in NY. Just pass a law against smuggling! /s
There is a much better way to look at this, which I will call the “CurlyDave Curve”.
Plot GDP vs. Tax Rate.
No, zero taxes will not produce the highest GDP, but maximizing GDP should be the objective of any administration.
Liberal logic would dictate doubling the tax again to recover the lost income. Repeat annually until desired results achieved.
While some of the decline is likely due to smuggling or ordering online from out of state.
I am sure there are a lot less smokers than their used to be even 5 years ago, plus vaping caught on big in the last 5 years.
Would that Ct. had lower taxes on cigs...they don’t; they’re almost as high as N.Y.’s !
Just think of the health care $$$ savings!!! And the added stree on social security payments from those former smokers not dying sooner than later!
Socialists have never understood economics.
I don't know about Texas but the tax on liquor here in Ohio is pretty stiff.
High taxes lead only to one thing and that is smuggling.
When the taxes get high enough people become willing to defy the law and buy on the Black Market.
Alternative legal markets can also open up like they did here in Ohio. Roll Your Own stores opened that let you buy pipe tobacco in bulk and use the stores cigarette rolling machines to make your own cigarettes. Pipe tobacco not being taxed as severely the customer saved about half the cost of a pack.
Economics of high taxes makes people creative and sometimes lawless.
It is even worse that that. This particular law both enriches criminals, and gives a large segment of the population a reason to view criminals more like Robin Hood than like the negative influence on society they are.
Maybe they should really lean on the street corner guys selling loosies. Although that has a downside too.
If they raised the tax to $100 per pack or higher, this shortfall would go away. It works just like the minimum wage (raise it high enough, and workers will get rich)!
/liberal logic
Believe it or not the have a fund with millions for law suits basically for low income, and inmate fraudulent cases a kind of reparations
The same thing happen here, in Washington State, when the last liberal, retard governor raised the cig. tax. Most of the business went onto the reservation and now, in the stores, there are very limited displays of cigs.
It’s insanity. These places need to run out of other people’s money more than other places.
Most estimates put the per capita death rate from smoking at 3 to 4 times the death rate from alcohol.
The death rates from all illegal drugs combined are merely a footnote to those from tobacco and then alcohol.
Only one solution, raise taxes again.
Somewhere, Nelson is laughing.
They could replace that money by putting more taxes on New YOrk media. since they are in favor of taxing the wealthy and corporations etc why not let them get their wish and pay higher taxes( a lot higher).
“Why not put a heavy tax on liquor?”
When the war on tobacco started in earnest, about 25 years ago, Walter Williams predicted the Nanny State would move on to fast food, firearms, and liquor. Don’t worry, booze is in the on-deck circle . . .
Thank you.
“Cyrillic and Chinese characters...”
Well, I hope they weren’t fake. Russian cigarettes are incredibly bad. You would be better off smoking rotting cabbage. Seriously.
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