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Originally Posted by blankall
I've read it. I've also read many university level text books on economics. The logic in the report is extremely simplistic and they ignore comparable examples such as alcohol, tobacco, and pharmaceuticals.
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You've "read" many university level text books? Well, maybe you have, but you didn't comprehend them.
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If government stepped out of the process, then yes the market could make it cheaper. However, I just don't see government stepping out of the process. Nor do I see them self-limiting their taxation. You obviously have some rose-coloured view of government that I do not share and you've obviously never ran your own business or worked closely with someone who is.
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What in the deuce are you talking about???? Does the government make all cigs? All booze? What the hell are you blathering about?
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There are more factors here than a simplistic supply and demand model.
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Jesus Christ on a stick, you claim to have read "university level econ textbooks", and none of them talk about jumping the curve? That's usually in the second chapter of a first year macro-econ book.