by Carl V Phillips
Continuing this series. Sorry about the cheesy title. But it never hurts to have a reminder that Sweden is the most important population in the annals of tobacco harm reduction. (Click here to get ABBA-rolled.)
The sale of cigarettes generates an enormous amount of net revenue. Truly enormous. A pack of cigarettes costs tens of cents to produce and sells for 5, 10, or even 20 dollars in places where most readers of this blog live. Manufacturers and merchants keep some of that. But the vast majority of those purchase prices are taxes. In the order of 90% of the net revenue accrues to governments. Few consumers realize this, perhaps because unlike most other sales, excise, and value-added taxes, these taxes are intentionally never broken out. Look at a the receipt from purchasing cigarettes, and it does not tell you that most of what you just paid was tax. Continue reading