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Philip Morris did something similar in 2001 in Czech Republic https://en.wikipedia.org/wiki/Public_Finance_Balance_of_Smoking_in_the_Czech_Republic https://en.w

Philip Morris did something similar in 2001 in Czech Republic https://en.wikipedia.org/wiki/Public_Finance_Balance_of_Smoking_in_the_Czech_Republic https://en.wikipedia.org/wiki/Public_Finance_Balance_of_Smok... There was a widespread backlash, like the phrase Philip Morris had as much negative connotation as being associated with Epstein or something.

robocat 2y ago
Interesting report: https://edition.cnn.com/2001/BUSINESS/07/16/czech.morris/study.doc https://edition.cnn.com/2001/BUSINESS/07/16/czech.morris/stu... Summary: early deaths from smoking overall are a significant financial postive for an economy. But Philip Morris were excoriated in the press because the report was too inhuman. The report looked at many factors and priced them: Public finance gained between 19,523 mil. CZK and 23,793 mil. CZK, with the realistic estimate of 20,270 mil. CZK, from smoking-related taxes. Public finance saved between 943 mil. CZK and 1,193 mil. CZK (realistic estimate: 1,193 mil. CZK) from reduced health-care costs, savings on pensions and housing costs for the elderly -- all related to the early mortality of smokers. Among the positive effects, excise tax, VAT and health care cost savings due to early mortality are the most important. Increased health-care costs, absenteeism-related social costs, lost income tax related to early mortality, and fire-induced costs total between 13,849 mil. CZK and 16,605 mil. CZK, with the realistic estimate totalling 15,647 mil. CZK.