As the Biden administration gets closer to finalizing its proposed rule banning the sale of menthol cigarettes and flavored cigars nationwide, a well-known aphorism comes to mind: “The road to hell is paved with good intentions.”
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Black Market
Black Market Bloomberg
New York City Mayor Mike ‘Big Gulp’ Bloomberg has proposed raising the smoking age in New York City from 18 to 21 years of age. A companion proposal would hike the price of a pack of cigarettes to more than ten dollars per pack, presumably to a) convince more people to quit and b) recover revenue lost by prohibiting a big chunk of the tax base from paying taxes on cigarettes they are no longer permitted to smoke.
But how does New York’s evil super genius plan to recover the revenue lost to the expansion of the black market?