Nobody downloaded yet

Cigarettes and Smokers Regarding The Economy - Essay Example

Comments (0) Cite this document
Summary
The essay "Cigarettes and Smokers Regarding The Economy" describes that cigarette is a legal good but its harmful effects surpass the pleasure it gives. If the supply and demand for cigarettes were both unitary elastic, then the burden of tax would have been shared equally by the producer and the consumer…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Cigarettes and Smokers Regarding The Economy
Read TextPreview

Extract of sample
"Cigarettes and Smokers Regarding The Economy"

Download file to see previous pages Cigarettes taxes are most effective in reducing consumption of the young population or more precisely children and teenagers who get pocket money and are not financially independent (Chaloupka). People who try cigarettes for thrill will be put off greatly by a significant amount of sales tax. But for hard-core consumers of cigarettes, quitting is not easy at all as they experience withdrawal symptoms if they try to quit. They will be willing to forgo their consumption of other products but cigarette. Foregoing the consumption of other products does not curb the need for them. Therefore, hard-core smokers tend to resort to shop lifting because after spending on cigarettes they are left with very less money. The sellers of other products will incur losses because hardcore smokers are willing to sacrifice products like biscuits, sweets, chocolates or magazines for cigarettes. Sometimes when the government announces a rise in sales tax on cigarettes, it takes time for the tax to come into effect. In the mean while smokers buy cigarettes in bulk so that they do not have to pay the higher price for a packet of cigarettes. So this bulk buying should be taken into account before the government imposes sales tax.
Some economists are of the view that a sales tax on cigarette will be more effective in the long run than in the short run because smokers readily adjust to price in the short run. If the price is permanently increased from let’s say $2.5 to $5.0 for a packet of cigarettes then the long run impact will be double the short run one and a lot of people will be able to overcome the habit altogether.
Imposing a sales tax on cigarettes is just not enough. The revenue generated from sales tax should be invested in Health Programs dedicated to discouraging smoking. Also filtered cigarettes should be taxed less than the unfiltered ones. However the difference in the tax rates for the two should not be very large. Besides this taxation policy, there should be a ban on cigarette advertising and it should be made mandatory that the hazards of smoking be mentioned on a packet of cigarettes. With no advertising, the attractive packaging also lures consumers. The government should come up with a generic packaging design that is less appealing to consumers. It should be obligatory on retailers to sell cigarettes to people who have attained the age of majority (18 years old). Government sponsored campus drives at different schools and universities should be held in which lectures on negative effects of smoking should be conducted. Student volunteers can also be hired by the government to spread awareness. There should be tariffs imposed on the cheap cigarettes imported from other countries. Sales taxation alone cannot deter consumers from smoking. Like other economic policies, taxation should be carried out with above mentioned measures to ensure good health of all. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Cigarettes and Smokers Regarding The Economy Essay”, n.d.)
Retrieved de https://studentshare.org/macro-microeconomics/1391342-economics
(Cigarettes and Smokers Regarding The Economy Essay)
https://studentshare.org/macro-microeconomics/1391342-economics.
“Cigarettes and Smokers Regarding The Economy Essay”, n.d. https://studentshare.org/macro-microeconomics/1391342-economics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Marlboro Cigarettes
As one of PM USA’s most saleable cigarette brands in the United States, the Marlboro brand was able to capture at least 42% of the enitre US market shares for cigarettes (Seeking Alpha, 2012; Philip Morris USA, 2012). Source: Philip Morris USA, 2012 As one of the most famous cigarette brands around the world, Marlboro uses the image of a typical American cowboy as a part of its product positioning strategy (Randazzo, 2006; Hyland et al., 2006).
10 Pages(2500 words)Research Paper
E cigarettes
Known as the e cigarette, the contraption is meant to aid the smoker in getting off his nasty smoking habit bu giving him the nicotine fix that he so craves, without the negative effects that smoking a cigarette gives. Or does it?
6 Pages(1500 words)Research Paper
Smokers vs. non-smokers
The number is expected to exceed 10 million deaths by 2020, with approximately 70% of these deaths occurring in developing countries (CDC, 2007). Dietrich et al (2007) performed a cross-sectional study-SAPALDIA (Swiss
8 Pages(2000 words)Essay
The percentage of american smokers
However, not before smoking had spread across all age groups form middle school to adult. Today the latest trends suggest that smoker percentages are lowest since World War II
1 Pages(250 words)Essay
Ethnographic essay about smokers
Smoking in American society is often looked at with negative connotation. But smoking becomes more acceptable in certain sectors of its society because of the cultural background of smokers. Cultural background has a strong
5 Pages(1250 words)Essay
Electronic Cigarettes

The author states that questions whether the new technology will help getting rid of cigarettes by offering safe smoking remains in the public’s head and other public health groups. Safety concerns associated with e-cigarettes may be killed if the regulations are too strict even though the real safety of the products is still in doubt.

17 Pages(4250 words)Essay
Are E-cigarettes Healthier Than Normal Cigarettes
According to the report E-cigarette is a type of products which are manufactured to deliver user a nicotine containing aerosol. It is also identified as ENDS or electronic nicotine delivery system. Hon Lik from Beijing, China was the first person to develop E-cigarette. The design of E-cigarette device looks absolutely identical to tobacco cigarette.
10 Pages(2500 words)Research Paper
Cigarettes Smoking
Cigarettes have an addictive element in them known as nicotine and some other flavorful additives, which causes addiction. In the United States, cigarettes account for about 440, 000 deaths annually. There are many causes of smoking, which include, the body needs some nicotine especially in the case of addicts for physical reasons.
1 Pages(250 words)Coursework
Smokers
However, research has indicated that the largest number of these children emanates from family where none of the parent is a smoker. This is an indication that they inhale the cigarette smoke while on the streets and other public places such as
6 Pages(1500 words)Essay
E-Cigarettes
The alternative product to cigarette smoking is called E-Cigarettes. An E-Cigarette is a handheld electronic cigarette devise, which vaporizes flavored liquid that usually contains Nicotine and other chemicals.
5 Pages(1250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Cigarettes and Smokers Regarding The Economy for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us