Clearly, however, these people never heard of the Laffer curve, despite it being the basic economic premise behind such "sin taxes." Simply put, the Laffer curve argues that there is a point where a tax rate can be so high, it actually collects less revenue by encouraging individuals to avoid the behavior or product being taxed
Exceeded all my expectations completely
Retrieved from Photo credit: Smoking for years and then quitting smoking
1990s Gift box for attendees of the 1994 Stockholders Meeting of Philip Morris Companies Inc., containing watermelon flavor JELL-O, Crystal Light Singles Natural Flavor Iced Tea, Maxwell House Instant Coffee, Gevalia Kaffe Traditional Roast Coffee, KRAFT Macaroni & Cheese Dinner, KRAFT House Italian with Olive Oil Old Blend Dressing, Grape Nuts Natural Wheat & Barley Cereal, Basic Lights cigarettes, Benson & Hedges 100s cigarettes, a Philip Morris Companies Inc
Nevertheless, one K-ration per man per day would remain the basis of issue, even for mountain troops fighting at high altitudes and infantrymen fighting in the thick jungles of Burma
