Friday, November 26, 2010

The Central Planners do what they do best...

... screw up. Apparently Mayor Bloomberg's smoke-free urban Utopia has hit a few (very predictable ) snags. You'd have to be remarkably ignorant of history, economics and human behavior not to be able to see this coming, but when have you ever known a social engineer to let reality stand in their way?

"The underground tobacco market is spreading like a fast-growing cancer in the wake of tax hikes that make New York cigarettes the most expensive in the nation -- and it's costing the state tens of millions a month in lost tax revenue, a Post analysis has found.
Government data show that New York state is being smoked out of as much as $20 million a month from all these illegal cigarette purchases -- an estimated 7.3 million packs a month sold off the state tax radar."

Be sure to read the entire article here: Black-Market cigarettes costing NY $20M a month.

More here: Menthol Ban = Black Market

Geniuses. Everything the government touches turns to shit.

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