Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: Berney who wrote (278)	5/3/1998 9:55:00 AM
From: Reginald Middleton	Read Replies (1) of 1722

<That said, I really have problems taking a lawful product that 25% of the adult population utilizes and subjecting it to potential taxes and otherwise telling folks when they can and cannot use this lawful product.> The problem is that it is a lawful product. Nicotine is a higly addictive narcotice, just like many "unlawful" narcotics being sold on street corners in many of our major cities. The difference is the tobacco lobby is much more powerful than the cannibis lobby or the cocaine lobby. How many other addictive narcotic companies are able to raise hundreds of billions of dollars in the public captial markets?

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