Supply and demand: Higher taxes will reduce smoking, so that total federal tobacco tax revenue will fail to meet the "fixed-pie" calculus of the Central Economic Planners, who will in turn act to fund the plan through general revenue. Meanwhile, costs will far exceed projections because of massive over-utilization. (The free-beer principle: If it's an open bar, your estimate of the amount needed to supply a party of X number of people will almost always be too low, and you'll end up making a beer run before midnight.)
You -- yes, you, the wheat-germ and alfalfa-sprouts organic tofu gobblers -- will eventually be taxed to pay for this boondoggle.
In three words: It Won't Work.
UPDATE: New Obama slogan: Smoke up! It's for the children!
Especially with the program opeing up to those who make upwards of 300% of the poverty level for the family size.
ReplyDeleteI have a family of 6, with 4 kids under 18. So, my poverty level is $28,769. That means I am eligible if my income level is under $86,307.
Woot! Free healthcare for me!!
I posted a link to the summary text. It says it all...
Start taxing food with healthy and organic labels..
ReplyDeletedon't those people live longer anyway?
Or: "Obama smokes, so should you. . . . For your health."
ReplyDelete