Monday, September 20, 2010

Cato Institute talks about Black Market Tobacco

Cato Institute On Black Market Tobacco

The problem is that exorbitant taxes in New York state and especially New York City can add as much as $60 to the cost of a carton of cigarettes. No wonder criminals including “organized crime groups with ties to Vietnam, Russia, Korea and China” are getting into the business of buying cigarettes in lower-taxed states and driving trailers full of them to the high-tax states

What shocks me is that people never seem to learn.

Raise taxes too much and people will buy their product of choice elsewhere.

Bootleg tobacco.

Not a phrase I ever thought I'd use.

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