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AuthorTopic: California Prop 29 (Read 278 times)
aztecwin
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California Prop 29
« Thread Started on Apr 24, 2012, 7:03pm »
This is the new $1.00 per pack tax on cigarettes to fund Cancer and other tobacco related problem research. Any thoughts? I am generally against any tax except this kind of sin tax. I am additionally conflicted because I have positions in three tobacco companies. Would this tax really raise a lot of revenue or would this make the price point of the products so high it would hurt sales to the point of doing damage to the investments? I also would kind of be for it as smoking is objectionable to me personally and even if it hurt the stocks, it might be worth it if it both raised money for Cancer research and punished those dumb enough or weak enough to continue smoking.
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Re: California Prop 29
« Reply #1 on Apr 24, 2012, 7:22pm »
Today the most addicted to cigarette sales would be your governments who now get tons of money from cigarette taxes. You think the governments, now, really want to have people stop smoking and lose the revenues??

No. No cigarette taxes anymore. Get rid of all of them, and weem your governments off the bad habit as well.

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Re: California Prop 29
« Reply #2 on Apr 25, 2012, 10:42am »

Apr 24, 2012, 7:22pm, JOCAZTEC wrote:
Today the most addicted to cigarette sales would be your governments who now get tons of money from cigarette taxes. You think the governments, now, really want to have people stop smoking and lose the revenues??

No. No cigarette taxes anymore. Get rid of all of them, and weem your governments off the bad habit as well.

HAM


OK you are against taxes. How do we fund government? Do we go back to colonial times where tariffs and excise taxes were the major forms of income?

BTW, cigarette taxes are excise taxes (at least on the federal level) and have been around forever.
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Re: California Prop 29
« Reply #3 on Apr 26, 2012, 9:58am »

Apr 25, 2012, 10:42am, AlwaysAnAztec wrote:

OK you are against taxes. How do we fund government? Do we go back to colonial times where tariffs and excise taxes were the major forms of income?

BTW, cigarette taxes are excise taxes (at least on the federal level) and have been around forever.


Like really, who isn't against taxes?

George Washington implemented the distilled spirits tax to pay for the war. This also created a by-product: Kentucky bourbon. A tax, and then people flee to avoid the tax.

I am not against taxes.

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Re: California Prop 29
« Reply #4 on Apr 26, 2012, 11:22am »
test.
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HMM.
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Posted using the ProBoards Mobile AppRe: Re: California Prop 29
« Reply #5 on Apr 26, 2012, 3:39pm via the ProBoards Mobile App »

Apr 25, 2012, 10:42am, AlwaysAnAztec wrote:

Apr 24, 2012, 7:22pm, JOCAZTEC wrote:
Today the most addicted to cigarette sales would be your governments who now get tons of money from cigarette taxes. You think the governments, now, really want to have people stop smoking and lose the revenues??

No. No cigarette taxes anymore. Get rid of all of them, and weem your governments off the bad habit as well.

HAM


OK you are against taxes. How do we fund government? Do we go back to colonial times where tariffs and excise taxes were the major forms of income?

BTW, cigarette taxes are excise taxes (at least on the federal level) and have been around forever.


I'm personally rethinking my stance on plunder.

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Re: California Prop 29
« Reply #6 on Apr 26, 2012, 3:45pm »
Is there proof the money will actually go to cancer research?? I'm highly skeptical.

If they tax smokes, they should also tax booze $2-$5 per six pack or 5th.
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Re: California Prop 29
« Reply #7 on Apr 26, 2012, 4:27pm »

Apr 26, 2012, 3:39pm, 78aztec82 wrote:

Apr 25, 2012, 10:42am, AlwaysAnAztec wrote:


OK you are against taxes. How do we fund government? Do we go back to colonial times where tariffs and excise taxes were the major forms of income?

BTW, cigarette taxes are excise taxes (at least on the federal level) and have been around forever.


I'm personally rethinking my stance on plunder.

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;D
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Re: California Prop 29
« Reply #8 on Apr 26, 2012, 6:52pm »
Why not tax pole-smokers for STD research?
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Re: California Prop 29
« Reply #9 on Apr 26, 2012, 8:56pm »

Apr 26, 2012, 6:52pm, davdesid wrote:
Why not tax pole-smokers for STD research?


You really are amazingly crass.

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Re: California Prop 29
« Reply #10 on Apr 26, 2012, 9:08pm »
As someone who smokes, my resonse is this - sin taxes are crap. It's getting near the point that I will quit simply because taxes are pushing up the price to the point that I can't afford it, but what a happens to the commission this initiative would set up once people like me quit and the bucks to pay for it are no longer there?

If everyone in this state put down on tobacco, would this bull$#!+ commission go away or would it just find other ways to support the new bureaucracy this initiative would set up? I'm enough of a libertarian to understand that once a new bureaucracy is invented it will not go quietly into the night. And if a new bureaucracy can't get funds from its original funding source, it will look for other funding sources because kingdom building is the main priority of government entities.

=Bob
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Re: California Prop 29
« Reply #11 on Apr 27, 2012, 8:21pm »

Apr 26, 2012, 9:08pm, Bob Forsythe wrote:
As someone who smokes, my resonse is this - sin taxes are crap. It's getting near the point that I will quit simply because taxes are pushing up the price to the point that I can't afford it, but what a happens to the commission this initiative would set up once people like me quit and the bucks to pay for it are no longer there?

If everyone in this state put down on tobacco, would this bull$#!+ commission go away or would it just find other ways to support the new bureaucracy this initiative would set up? I'm enough of a libertarian to understand that once a new bureaucracy is invented it will not go quietly into the night. And if a new bureaucracy can't get funds from its original funding source, it will look for other funding sources because kingdom building is the main priority of government entities.

=Bob
Holy smokes, I agree with Bob?!
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Re: California Prop 29
« Reply #12 on Apr 28, 2012, 9:04am »

Apr 26, 2012, 3:39pm, 78aztec82 wrote:


I'm personally rethinking my stance on plunder.

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You might want to study the policies and procedures employed by the State Board of Equalization and the Employment Development Department, State of California. Particularly read the P.A.P. Section 13.113.a1.SIC. Plunder Achievement Goals, it will give you the willies.

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Re: California Prop 29
« Reply #13 on Apr 28, 2012, 10:08am »
Looks like I am going to vote against this measure. The tax would hurt the businesses more than it would help with Cancer Research. I think the idea of setting up another government body to govern the program rather than just transfering the money to where it would do some good tips the scale.
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Re: California Prop 29
« Reply #14 on Apr 28, 2012, 1:09pm »
The Cost of my"Victory Cigars" would go thru the roof if this Prop. passes. The Tobacco Industry paid California $726 million this year as part of that $200 billion settlement about 10 years ago. Enough is enough.
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Re: California Prop 29
« Reply #15 on Apr 30, 2012, 12:01pm »
Very regressive tax. It is unfair to the poor. Not only do they smoke more but they spent a great deal more of their disposable income on this filthy habit.

There is a price on cigarettes that will create a thriving black market. It is simple economics. We have to be real careful we don't price them beyond that point. Going up slowly is the best way to get more without triggering a real black market. A black market will also be served by rules restricting youth from getting cigarettes. This tax may make it easier for underage smokers to get their butts.
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Re: California Prop 29
« Reply #16 on Apr 30, 2012, 1:49pm »

Apr 27, 2012, 8:21pm, sdsustoner wrote:
Holy smokes, I agree with Bill?!
'
Fixed it for me. (Great pun, BTW.)
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http://enews.earthlink.net/article/pho?g....00-f7efd6421b31

His head has grown. Must be on roids.
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