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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (782409)4/28/2014 6:35:18 PM
From: bentway  Read Replies (3) of 1576180
 
"if its very heavily regulated or taxed, you still get a black market, "in the shadows" to avoid the tax and/or regulation."

If that were true, Tim, there'd be a booming black market in cigarettes. Except, there isn't any huge problem.

When I was dumb enough to smoke the things, they cost $.50 a pack. Check the prices NOW, which is almost ALL tax:

theawl.com

1. New York ($12.50): $14.50 = +16%


48. Kentucky (last year $6.56): $4.96 = -24%

If any legal item were to spawn a black market by your logic, it would be cigarettes.
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