Friday, October 12, 2012

The Great Cigarette-Tax Lie | Patrick Basham and John Luik | Cato Institute: Commentary

The Great Cigarette-Tax Lie | Patrick Basham and John Luik | Cato Institute: Commentary: "First, higher taxes promote illicit trade in cigarettes (both smuggling and counterfeiting), especially among the poor. And, second, a good many lower-income smokers respond to higher butt taxes by cutting back elsewhere — as the New York study demonstrates yet again.

In other words, lower-income smokers don't respond the way the elite public-health establishment thinks they should."

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