TheOneWithTheHairthe FDA is considering a ban on menthol cigarette sales
stonedemomanThey’ve already banned menthol in California and it did nothing. Alternatives are already being marketed and sold and some of the better ones recreate the exact same effect but cost $1.20 more per pack at the low end. To put it simply, this is dumb as fuck.
Jake FarmThe point is to make cigarettes as expensive and unappealing as possible.
That’s not in anyone’s own interests. Smokers have to pay more, tobacco industry gets more money. Literally a lose-lose. Dumb. As. Fuck.
That’s not how capitalism works. If the tobacco industry could raise prices and get more money today, they would. Since they haven’t, you have to assume that any increased taxes or burden on them will reduce their profits.
Yes, it might increase prices to the end consumer, because the demand curve will change when the costs change. But that doesn’t mean the tobacco industry is making any more money. If it did, they would already charge more.
Wrong. Prohibition increases demand.
beefcatputting a tax on something is not the same as prohibiting it.
Go ahead and look at the post title
go ahead and look at the comment you were replying to
“That guy happened to tangentially mention tax so you must’ve been talking about tax, herp derp”
Prohibition has no net effect on demand, it simply enables black markets. Alcohol use after Prohibition was not higher than pre-prohibition, but did rise to the same levels fairly quickly.
Incorrect. Prohibition decreases supply. Supply and demand have a direct inverse relationship. This is economics 101.
There exists no accurate data of consumption during prohibition because it was a black market.
Supply and demand do not have an increase relationship. Demand exists, and when supply exceeds demand, prices fall. When supply does not meet demand, prices rise. You understand they are related but forgot the actual curve on the graph. Supply and demand can both be low, for instance, as is the case with mega yachts.
I don’t believe you have actually taken Econ 101, given the things Ive seen you say here.
When supply does not meet demand, prices rise.
Thanks for proving my point for me. I appreciate it.
Your link shows an estimate of alcohol consumption during prohibition based on mortality, but there is. Zero. Accurate. Data. of alcohol consumption during the prohibition.
The important part of that link was not during prohibition, which is irrelevant, because regardless of demand the number of people with access to alcohol was lower, but rather that after prohibition, usage rates did not surpass pre-prohibition levels.
When supply does not meet demand, prices rise
This is not an inverse relationship between supply and demand. The supply is not affecting the demand, which is what “inverse relationship” means.
usage rates did not surpass pre-prohibition levels.
How many times do I have to tell you that this is impossible to know based off indirect estimates before you get it? Because this is the third time.
Maybe read to the end of that sentence and it will make more sense.
Are you okay? You seem to not be able to understand what “no direct data” means.
I don’t understand why you refuse to engage in good faith with a person who is just trying to teach you things, but now this conversation is over.
I don’t understand why you have a problem grasping basic concepts. 🤷