Smoking, insurance, and social cost
Article Abstract:
Policy makers have suggested the imposition of higher 'corrective taxes' on tobacco products as indemnity for the social costs smokers inflict on others from their habits. However, studies on tobacco taxation levels, which have differentiated costs on smokers and non smokers, have concluded that current taxes are appropriate. External costs smokers incur include higher medical costs and more health risks than nonsmokers. The debate on taxation levels have significant implications on health insurance and retirement pools for both groups.
Publication Name: Regulation
Subject: Law
ISSN: 0147-0590
Year: 1997
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The extortion approach to regulation
Article Abstract:
The Clinton Administration's efforts to curb smoking and regulate violence and sex on television have been initiated with the goal of protecting the nation's children from their harmful effects. However, the government has resorted to unwarranted coercion of these industries in order to gain compliance. The tobacco industry has been forced to comply with government's demands, which are tantamount to the limiting of free speech and property rights, in order to avoid further litigation.
Publication Name: Regulation
Subject: Law
ISSN: 0147-0590
Year: 1997
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