Wednesday, January 2, 2013
Somebody's Smoking Something
One of the main reasons given for the cigarette tax (in addition to raising revenue) is that it acts as a disincentive for people to smoke. And it appears to be working quite well, this tax (the smoking rate has in fact dropped)....Which makes me kind of wonder out loud. If politicians are able to see how taxing cigarettes makes the smoking rate go down, why aren't they then able to see how the taxing of savings and investment can have a similarly deleterious effect on those two things? Stubbornness? Stupidity? Envy? I mean, I don't know.