Michael Adams in The Economist’s Voice argues that tobacco companies should be taxed additionally to recoup the statistically-estimated costs of smoking by minors (subscription required). This would mean that cigarette producers would have no incentives to promote their products to young people and since most people start smoking at age 18 or less (the average age in Australia is 15.9 years) this would substantially reduce smoking. Continue reading Taxes to reduce incentives to sell cigarettes to youth?
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