Saturday, November 3, 2007

It only took them 11 days to pick up on this...

Today's Milwaukee Journal-Sentinel really shows that the newspaper is a day late and a dollar short.

The newspaper ran a story that says the buck a pack increase in the state's cigarette tax may not bring in as much tax revenue as its proponents hoped. That's not really news. You read about it here 11 days ago.

One of the typical results of an increase in cigarette taxes is a reduction in smoking -- especially by vulnerable teenagers. That's not a bad thing.

But it does illustrate that "sin taxes" by their very nature should never be relied on to balance budgets.

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