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Sunday, April 06, 2008

I don't even smoke [unless far too drunk for my own good, or the twice-yearly cigar] but this is ri-god-damn-diculous.

Reason Magazine - Hit & Run > The Most Expensive Ingredient in Cigarettes:
"The ABC affiliate in Albany reports that Gov. David Paterson and state legislative leaders have agreed on a $1.25-a-pack increase in New York's cigarette tax, making it $2.75. That will give New York the highest state cigarette tax in the country, surpassing New Jersey's rate of $2.57 a pack. Smokers who buy cigarettes in New York City pay an additional $1.50 a pack, so they will be shelling out $4.25 in state and city taxes, plus the 39-cent federal tax, for a total of $4.64 a pack. They also have to pay sales tax, which in New York City is 8.38 percent. So a pack of cigarettes that would cost, say, $4 without taxes will cost New Yorkers more than $9, most of which will go into city, state, and federal coffers. In other words, the government will be taxing a product disproportionately consumed by poor people at an effective rate of more than 100 percent, reaping bigger profits than anyone else from a business it simultaneously condemns as the foremost threat to public health. It can get away with this punitive levy because the people it's bleeding are an unpopular minority with little political influence. And what do we call this policy? Progressive."

Worth noting, from the comments, that the corporations who profit from the deadly cancer sticks, well... they're evil. But the government who rakes in the dough from the same product, well... they're heroes. Wrap your head around that bullshit.

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