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Overnight Open Thread

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badger19706/01/2009 8:49:15 am PDT

Economics 101: The higher a good or service is taxed the less demand for that good or service would result.

For example, a mere five years ago a pack of Marlboro reds was at $3 a pack, now it’s over $6 due to taxes to supplement some health care pork. Lo and behold, the politicians are surprised that the tax revenue generated by cigarette sales went down.

The government gets the most revenue in taxes when taxes on goods or services are actually lowered. “voodoo” economics because RINOs and demorats are clueless, stupid or just plain greedy SOBs.