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Tag Archives : tobacco

High Taxes Encourage Crime

High Taxes Encourage Crime

Posted on December 18, 2010

We all know that alcohol prohibition was great news for organized crime in the 1920s, and we also know that drug prohibition is causing widespread societal destruction today, but taxation also can facilitate criminal behavior. Specifically, there is considerable evidence that punitive taxes on cigarettes promote criminal activity. Here’s a video from Michigan’s Mackinac Center.

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The Laffer Curve Strikes Again

The Laffer Curve Strikes Again

Posted on August 29, 2010

In the private sector, no business owner would be dumb enough to assume that higher prices automatically translate into proportionately higher revenues. If McDonald’s boosted hamburger prices by 30 percent, for instance, the experts at the company would fully expect that sales would decline. Depending on the magnitude of the drop, total revenue might still […]

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Risk and Sin Taxes

Risk and Sin Taxes

Posted on August 19, 2010

Vincent DeMarco, president of the Maryland Citizens’ Health Initiative Education Fund, recently wrote to the Baltimore Sun to stick up for Maryland’s sin taxes.  He seems to view it as the obligation of government to reduce activities it determines to be bad: In his Commentary disparaging both Maryland’s life-saving one dollar per pack tobacco tax […]

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