400% tax on cigarettes I saw on the news this morning that California is looking at a 400% tax on cigarettes making a pack almost $7. This has got to be one of the stupidest things I've seen yet. Don't they teach history any more?
Tobacco is probably the oldest luxury in human history. They can't possibly think raising the cost is going to make people quit. Whats going to happen is the same thing that happened when they taxed tea and made alcohol illegal. Smokers will simply buy from the black market and revenue will be lost.
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