Quote: Original post by Chris Reynolds
clicky
April 1, federal cigarette taxes will go from $0.39 to $1.01 to fund healthcare for children.
my take: this tax will fall almost entirely on lower middle class. good one obama.
I thought you went away. As I recall you never said anything, just went on a posting spree of other peoples' words. Personally I fail to see how adjusting cigarette taxes equates to the implied "I sure bet you wish you voted Republican now!"
As for the economic impact of tobacco companies going belly up because of this, I think you're missing several other key factors. First they are slowly going out of business as the world becomes more resentful of the whole paying money for something that can kill me thing. Major transitions in cigarette consumption is already been taking place for some time for other reasons. Then you have people that are committed to their habit that will continue to pay no matter what the cost.
Which leads to factor three where lets say tens of thousands of heavy smokers do suddenly stop spending crazy amounts of money on tobacco. Plus they stop getting shafted to the tune thousands of dollars in insurance hikes, job restrictions and losses, resale loss on vehicles and whatever other second hand prices get paid in the process. They just might have some more cash in the wallet to do something else with. Maybe those old tobacco farmers could start selling what their old clients are now buying. Sure you have to loose one job in the process but transitions are often important. All out suborn refusal to be flexible and allow transitions is outright dangerous.
At this point you have no clear cut reason to start the I told you so Train. The Democrats are still driving that train with gusto. Honestly complaining that tobacco companies should be better protected and that taxing people that cause massive health care problems shouldn't help resolve heath care problems isn't just flimsily logic, its kinda sick. Give it time I'm positive something more concrete will come up.