• CobblerScholar@lemmy.world
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    24 hours ago

    Fair point but for tobacco I think it would be different. Granted its a subjectively biased opinion but every smoker I’ve talked to wants to quit and just needs the proverbial last straw to put it down for good. If tobacco spikes in price that will be that straw for many people. Sure plenty of folks will still want to use tobacco and will do their best to skirt that tax but it will be a fraction of the current total smoking population that will continue to shrink. Additionally higher taxes kneecap the ability of manufacturers to raise prices on their goods so if theres no profit to be made the industry itself shrinks.