Anti-smoking activists have submitted to the attorney general a proposed ballot measure to boost taxes on a pack of cigarettes by $2, and use the revenues to fund research into the treatment of tobacco-related diseases. It’s the latest effort to crush smoking by significantly hiking the costs of tobacco.
“Increasing
the cost of cigarettes has been shown to be the most direct and effective way
to reduce smoking,” according to the proposed initiative’s findings.
This proposal will “help advance medical research and prevent more kids from
taking up a costly and dangerous habit,” said Marsha Ramos, chairwoman of the
American Lung Association in California, in a statement.
But many
economists note that, at some point, tax hikes offer diminishing benefits, thus
reminding me of an entertaining old thought experiment about the effects of
taxation on people’s buying habits……To Read More…..
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