Fortnightly essays will always remain free for everyone, but Im hoping to roll out some more stuff for paid subs only soon :) When I moved to California, I was shocked that seemingly all of my new friends smoked cigarettes
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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
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By Type By Distribution Channel By Region Frequently Asked Questions The global cigarette market is expected to grow from USD 707.24 billion in 2025 to USD 849.01 billion by 2033, representing a Compound Annual Growth Rate (CAGR) of 2.31%
