Tobacco Bonds Deliver a Lesson -- Decline in smoking hurts payment of state notes (CA-DUH!)

Los Angeles Daily News ^ | 3/15/2012 | Editorial

[Mark]

Who could ever see this coming. Maybe that $1.00 per pack tax will solve the problem.(/S)

[GeronL]

lol.

Just like raising taxes on business and people with the means to pick up and leave.

[FedsRStealingOurCountryFromUs]

People are either quiting or switching to Nicorette gum (which works very well).. They’ll probably start taxing the crap out of Nicorette gum. But anyway, smoking is a ‘luxury’ and when luxury goes, so goes smoking. Let the KaliKommie “second hand smoke is killing our children” and ‘butt-free beaches” crowd scramble for more money.. Watch out, pot smokers! Hahahaaa...

[Vince Ferrer]

That’s ok, because the purpose was to get people to stop smoking and be healthier. It was for the children. Right?

[vette6387]

“That’s ok, because the purpose was to get people to stop smoking and be healthier. It was for the children. Right?”

I just love watching California Government “Hump Itself!” I hope Rob Reiner goes apoplectic when he sees his “child indoctrination program” go under. The solution here is always to issue more bonds, but figuring out the viability of the repayment process, not so much!

[dforest]

Once you kill the golden goose, you go after all the birds you can find.

Those that were okay with the high taxes on cigarettes will now get to cover those costs for the kids.

[coolbreeze]

I always said that anyone who told me they were “for the children “ had better be smoking....put your money where your mouth is.

[cherry]

I've noticed that after going after the smokers for the big tax bucks, not wanting to loose the smokers and their $$$$ anymore, now their going after those who roll their own cigs plus the electronic cigs....

but you know, its all for the children and for our "own" good so they say.

[Chode]

the beating will continue until...

[Gabz]

We told them so --- but they ignored the warnings. Now it is too late and they are reaping what they sowed.

WARNING TO ALL OF YOU HATERS OF TOBACCO USERS - YOU ARE NEXT

[Gabz]

People are either quiting or switching to Nicorette gum (which works very well)..

Actually going cold turkey has a better track record for long term.

They’ll probably start taxing the crap out of Nicorette gum.

That will never happen because it is the funding behind Nicorette that caused this problem to begin with.

[KoRn]

Tobacco should move 100% to the black market like Marijuana is now, just to punish the parasitic government.

[Mears]

Thanks for the ping,Gabz.

The rise in bootlegging will be a boost to the economy though. :-)

Morons all.

[elkfersupper]

Let's see. Demonize something. Tax it to death. Borrow money on the tax revenue stream. Outlaw its use almost everywhere.

The definition of stupid.

[freeangel]

“Let’s see. Demonize something. Tax it to death”

The left has already sarted on all things made with sugar. It’s just a matter of time.

[Mark]

Tax chocolate and the end has come!

[FedsRStealingOurCountryFromUs]

Along with that they’ve set their eyes upon the obese and will surely find ways to force penalties (taxes) upon them. I guess rising food costs is punishment, but 0bamacare will make the obese pay ‘in spades’. Political correctness gone amok!

[metesky]

Thanks for the ping, Gabz. I'd never imagine finding you folks on a thread like this, eh?

All them there chickens coming home to roost...

[Madame Dufarge]

Maps of the United States should be redrawn to superimpose the warning "Here Lie Demons" over California's name.

With some dragons thrown in for emphasis.

[newzjunkey]

Unlike many other states, California made the mistake...

This statement could spawn its own laundry list.

Rush and other talkers had this sized up from day one.