http://mises.org/story/2940
Tobacco companies have twice as high a profit margin as gasoline companies. Shouldn't we tax their "record-high profits" too? How about publishing companies? Application software companies?
Should tobacco companies pay for rehabilitation or medical payments to people who smoke? Should they be forced to make more eco-efficient cigarettes?
What do you think?Using Hillary's logic, should we also tax the tobacco companies and publishing houses?
Oil companies run at about a 7.5% profit margin, which is well in line with most business, and much lower than many. Hillary has it wrong if she wants to punish people for running a successful business.
Yes.Using Hillary's logic, should we also tax the tobacco companies and publishing houses?
Actually I think the Govt taxes tobacco ALOT already. They should be taxed more for killing people slowly for over 100 years.
Clearly you wouldn't understand "logic" if it belted you over the head.
Actually, since oil companies are stealing natural resources from the people of this nation, and since our very existence relies on gasoline (since we are a country of automobiles) - the Oil Industry should be completely regulated by the government.
It is immoral and unethical for a handful of people to profit in such an obscenely large manner from:
A) a natural resource which, realistically, should be used for the benefit of the entire population
B) a substance which is an absolute requirement for the normal functioning of society
This is NOT the case with publishing houses or tobacco - which is completely a CHOICE. Consumers do not HAVE to buy a cig or a book in order to make a living.
Gas, they do.Using Hillary's logic, should we also tax the tobacco companies and publishing houses?
Cigarette companies don't kill anyone, so they shouldn't have to pay for rehab or medical payments.
If you think this, then your saying gun companies, car companies, and alcohol companies kill people. None of this is true. People kill people. It's peoples choice to smoke, and it's peoples choice to continue to do so.
Cigarettes are taxed out the wazoo as it is. Montana has a 50% tax. A pack of cigarettes without tax is right around 2 bucks. Montanas are paying 5. Californians and New Yorkers are paying almost an 80% tax on cigarettes.
The point isn't the profit margin; it's the gross profits compared to the economic state of an entire country.
Let's also consider the amount of "favors" Washington has done to help those companies achieve those kinds of profits.
And I won't even get into tobacco -- clearly you haven't purchased a pack recently or you'd realize the rate at which they are taxed.
Oh believe me, that IS Hillary's logic. If she had her way ALL businesses would be taxed at confiscatory rates because all business owners are evil, selfish money-grubbers that make too much money. "I will take their profits!"
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