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There's no black market for cigarettes or alcohol though. Tax heroin at 50% and it'll still be cheaper than it is on the street. The fact that these goods are
by onetwotree 10y ago
There's no black market for cigarettes or alcohol though. Tax heroin at 50% and it'll still be cheaper than it is on the street. The fact that these goods are cheap to produce but highly inelastic means that the government can make a killing taxing them without introducing a black market.
- narrowrail 10y ago>There's no black market for cigarettes Are you sure about that? https://www.washingtonpost.com/news/wonk/wp/2014/06/25/why-the-massive-black-market-trade-in-cigarettes-affects-you-even-if-you-dont-smoke/ https://www.washingtonpost.com/news/wonk/wp/2014/06/25/why-t... "In New York, a Black Market For Illegal Cigarettes Thrives" http://www.wsj.com/articles/SB1040938577857473793 http://www.wsj.com/articles/SB1040938577857473793