NYC hikes price of pack of cigarettes to $13, highest in US

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Once little ckid starts drinking, Rubber Room is best place to dump a thread
 
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Back to the price of cigs. for a moment. I remember when a pack cost 35 cents. Glad I gave the habit up - in 1976.
 

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The continuing increase in price and an increasing health awareness are driving demand way down. At what point does simple economics kick in and price starts going down again?
"simple economics" wouldn't work in this case. the vast majority of the cost is a tax...law trumps economics here

i was just reminiscing how at UAB I would grab a 6-pack of Miller Lite and a pack of Camel Lights on my way back from class and get a little bit of change back for my $5 bill. that was >25 years ago of course but today that same exchange would be $20+ in nyc
 

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barman you know i stop drinking and imo nothing in this thread says drinking dude, im just stating the facts, you are nothing but a fucking lier all the way, i have not had a drink now in over 8 months, unlike a pot head like you dude, go back to the tgf and get your 29 hits per week in a thread
 

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My eating cake doesn't affect other people. Smoking effects others on occasion. That's the difference in your analogy.
not true. if you eat alot of fried foods and are not i good health you may use medical services more which can drive up the price for others medical. no different than smoking.
 

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"simple economics" wouldn't work in this case. the vast majority of the cost is a tax...law trumps economics here

i was just reminiscing how at UAB I would grab a 6-pack of Miller Lite and a pack of Camel Lights on my way back from class and get a little bit of change back for my $5 bill. that was >25 years ago of course but today that same exchange would be $20+ in nyc

There is a product cost component and an excise tax component. Demand should affect the product cost. That's all I was saying.

Cigs in NY are up from $10.44 on 8/1 to $13 now. Federal excise tax of $1.01 and NY state excise tax of $4.35 (highest in the US) have remained constant. So product cost has gone up from ~$5 to ~$7.50, a 50% increase. Why? One would have to assume demand is at the lowest it has been in decades.

As stated earlier it's just an interesting inelasticity of demand situation due to the addictive nature of the product.
 

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There is a product cost component and an excise tax component. Demand should affect the product cost. That's all I was saying.

Cigs in NY are up from $10.44 on 8/1 to $13 now. Federal excise tax of $1.01 and NY state excise tax of $4.35 (highest in the US) have remained constant. So product cost has gone up from ~$5 to ~$7.50, a 50% increase. Why? One would have to assume demand is at the lowest it has been in decades.

As stated earlier it's just an interesting inelasticity of demand situation due to the addictive nature of the product.
but the increase is vast majority taxes
 

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RT so you want everyone to get cancer, have you ever seen pics of the lungs after someone have been smoking several yrs, it not a pretty sight
 

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RT so you want everyone to get cancer, have you ever seen pics of the lungs after someone have been smoking several yrs, it not a pretty sight

Everybody has the right to do what they want to do. You might jack off everyday to gay porn, that's your right. I could care less what you or anybody else does.
 

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not true. if you eat alot of fried foods and are not i good health you may use medical services more which can drive up the price for others medical. no different than smoking.

Eating bad food is no different than smoking? Ok smart guy.

And if you eat bad food and workout regularly so there is no impact?
 

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what is funny in a way now, you watch the old tv shows and movies and see everyone smoking like it was so cool, now we know different
 

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Everybody has the right to do what they want to do. You might jack off everyday to gay porn, that's your right. I could care less what you or anybody else does.

heh
 

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