Doing a Microeconomics position paper! Need help!

[espkh123]

Hey guys, let me get started here by saying "Hi" I have been on a hiatus recently due to all my gear breaking and me being too poor to buy anything really good.
Im back to smoking cigarettes until I can save enough money to buy an ipv w/ the new aspire sub-ohm tank.
Anyways, thats not the point of this.

I am writting a position paper in my microeconomics class and it is due Monday. It was assigned over thanksgiving and I had no time to work on it recently.

The paper is on why e-cigs and alike should not receive the sin tax that certain officials have been opting for.
I need economic data on the industry, the elasticity of the market, and other things.
I want to write about why putting the sin tax on this is a bad idea due to the health beneifits, the elasticity of the market, and other industry data to back it up.
I also want to compare the proposed sin tax to the current one on cigarettes.
If anyone has any helpful links about any of this it would be much appreciated.

 

[readeuler]

I know somewhere (New Mexico?) entertained a $0.02 (or was it four cents) per mg of nicotine, in line with the sin tax for cigarettes, if they were only taxing the nicotine.

The liter of nic I just bought from MFS for $40? Yeah, the taxes would have been $2000, 50x the price; 5000% tax rate.

Quite sinful indeed.

I think you'll have a hard time finding much economic data about ecigs. Try the TMA link that's stickies, and Google Bonnie Herzog. I know she's a market analyst somewhere big, and Bill Goodshall's mentioned her a few times w.r.t ecigs.

 

[ImThatGuy]

Sin tax is a bad idea due to health benefits? Explain that one for me...it seems like it should be explained in detail.

Sin tax is not always a bad thing. Look into what sin taxes fund and pay for.

Data in the e-cig industry won't exist since it's not regulated to begin with.

 

[espkh123]

Sin tax is a bad idea due to health benefits? Explain that one for me...it seems like it should be explained in detail.

Sin tax is not always a bad thing. Look into what sin taxes fund and pay for.

Data in the e-cig industry won't exist since it's not regulated to begin with.

No, I am trying to say that the electronic cigarette industry is fairly elastic. If the prices basically sky rocket due to the a high tax on electronic cigarettes, then less people would be willing to buy them. There would be less people making a switch. With less people switching the more people there are smoking which leads to the health decline of the smokers and the people around them. Electronic cigarettes can help smokers save their lives. That is basically what I am trying to say. That the sin tax will lead to less people switching over to electronic cigarettes and that would mean more people dying to tobacco related incidents each year.

I thank you for your criticism and plan on using your ideas as a counter-argument for my paper.
I am trying to explain not just how this tax will affect our population of ecig users, but the populations that will not receive funds from the excise tax.

 

[WinstonSmith]

Bonnie Herzog, an analyst from Wells Fargo has published quite a few reports on the ecig industry. Many other articles reference her data. I am not sure if the reports are available for free, but I'd recommend Googling: Bonnie Herzog Wells Fargo electronic cigarette.

 

[espkh123]

Bonnie Herzog, an analyst from Wells Fargo has published quite a few reports on the ecig industry. Many other articles reference her data. I am not sure if the reports are available for free, but I'd recommend Googling: Bonnie Herzog Wells Fargo electronic cigarette.

I just downloaded a powerpoint presentation from Bonnie and it has a lot of graphs about the growing demand for electronic cigarettes, the profit margin, and information that indicates a change along the demand curve.
These will be very helpful with my paper!
With the other articles I found from her, a few more different sources and this paper is as good as done!

 

[93gc40]

All Sin taxes should be repealled and banned. For the most parts they are abused and self defeating anyway..

Cigs, gas, alcohol get taxed, mainly for health and or educational revenue source.. Don't people see the garantee of future tax increases to pay for the created progams. When people stop drinking and smoking and build efficient cars. Who will they come after when smoker die and quit, drinker do the same and cars are all solar powered. Tax you for your use of the sun?

 

[dhood]

All Sin taxes should be repealled and banned. For the most parts they are abused and self defeating anyway..

Cigs, gas, alcohol get taxed, mainly for health and or educational revenue source.. Don't people see the garantee of future tax increases to pay for the created progams. When people stop drinking and smoking and build efficient cars. Who will they come after when smoker die and quit, drinker do the same and cars are all solar powered. Tax you for your use of the sun?

The problem with sin taxes is that when the people being taxed start to modify their behavior (smoke or drink less, drive more efficient cars, etc), the revenue the states collect goes down. Politicians never seem to realize that if you punish someone (tax them), they WILL change their behavior, causing a drop in revenues. They think they can raise the tax and reap the windfall when it's just the opposite. People don't like being punished. Take a look at some states like California. The gas taxes are so high, people have moved to hybrids and electrical cars. The loss of gas tax revenue has them looking at taxing by the mile instead of the gallon so they can get money from all drivers, not just the ones who fill up at the local gas station.

 

[93gc40]

The problem with sin taxes is that when the people being taxed start to modify their behavior (smoke or drink less, drive more efficient cars, etc), the revenue the states collect goes down. Politicians never seem to realize that if you punish someone (tax them), they WILL change their behavior, causing a drop in revenues. They think they can raise the tax and reap the windfall when it's just the opposite. People don't like being punished. Take a look at some states like California. The gas taxes are so high, people have moved to hybrids and electrical cars. The loss of gas tax revenue has them looking at taxing by the mile instead of the gallon so they can get money from all drivers, not just the ones who fill up at the local gas station.

California is the poster child example of why taxes in general and sin taxes inparticullar DO NOT work. Highest gas taxes and sin taxes in the nation paying the most money in the nation for the worst school system. Where they have to raise taxes, continually, "For the last time", because people either conserve or move.
Take water. Over the last 40 years farmers have reduced their water use by 80-90% while increasing harvests exponentially. While cities have increase their usage buy about the same amount. Yet is the Farmer who gets blamed for wasting water, because they put it on the ground instead of down a drain. Cars are 90% more efficient than when smog laws were instituted. The Farts over the life of 1 mouse is probably worse for the planet than most of todays cars. Yet the goverment makes 20X times more $ in profit per gallon than the oil company, and climbing. Why are my roads and bridges falling appart??????

 

[93gc40]

OH, by the way, the Fed want to tax gas by the mile also.

New york and San Fransico tax Soda pop by the ounce. Yes, Vaping is going to be sin taxed. Everything else involve in pursuing happiness is the list, too. They already control life and liberty.

 

[fogging_katrider]

It might be a good idea to include a paragraph or two about the facism of nanny politicians creating sin taxes. But no doubt, your professors might frown on anything that would go against their nanny facist leftie Noam Chumpski points of view.

The very idea or concept of a sin tax on anything is very disturbing for me and most freedom loving Americans.

Where the hell do these nanny state do gooder liberal elitist progressive democrat azzhats get off anyway. These nanny statist eff-heads get together against something they dont happen to like and say "if we cant ban it...lets tax the crap out of it and call it a sin tax". I for one am sick and tired of nanny azzhat effffing Democrat politicians always trying to come up with new ways to tax and regulate anything they wish.

"We The People" need to speak up an take a stand against these facists and their so called "sin taxes"

Like William Wallace shouted on the chopping block............ FREEDOM !

 

[GinnyTx]

Sin taxes *grr*

a cost benefit analysis it's not. Find a way to raise money taxing something others do you don't like. Sounds pretty much what our Founding Father's revolted against, now doesn't it?

between the regressive taxation deterring moderate users (of whatever) and not the heavy ones they're aimed at (booze, cigs, soda etc) and (our Lottery for example) the funds NEVER go where they're supposed to. It never stops the behavior it just costs us ALL more.

good luck with your paper!

 

[espkh123]

It might be a good idea to include a paragraph or two about the facism of nanny politicians creating sin taxes. But no doubt, your professors might frown on anything that would go against their nanny facist leftie Noam Chumpski points of view.

The very idea or concept of a sin tax on anything is very disturbing for me and most freedom loving Americans.

Where the hell do these nanny state do gooder liberal elitist progressive democrat azzhats get off anyway. These nanny statist eff-heads get together against something they dont happen to like and say "if we cant ban it...lets tax the crap out of it and call it a sin tax". I for one am sick and tired of nanny azzhat effffing Democrat politicians always trying to come up with new ways to tax and regulate anything they wish.

"We The People" need to speak up an take a stand against these facists and their so called "sin taxes"

Like William Wallace shouted on the chopping block............ FREEDOM !

I think I should use this as a quote in my paper

 

[skoony]

find a job.
afford your own stuff.
do your own work. i really do mean this in the wishy washiest
way possible.

mike

 

[skoony]

The problem with sin taxes is that when the people being taxed start to modify their behavior (smoke or drink less, drive more efficient cars, etc), the revenue the states collect goes down. Politicians never seem to realize that if you punish someone (tax them), they WILL change their behavior, causing a drop in revenues. They think they can raise the tax and reap the windfall when it's just the opposite. People don't like being punished. Take a look at some states like California. The gas taxes are so high, people have moved to hybrids and electrical cars. The loss of gas tax revenue has them looking at taxing by the mile instead of the gallon so they can get money from all drivers, not just the ones who fill up at the local gas station.

that's the ticket.
switch from evil gasoline to good electric your still bad
for not making up the difference in taxes.
regards
mike

 

[fogging_katrider]

I think I should use this as a quote in my paper

Naa, you might want to paraphrase it some...
After all you dont want to offend all those nanny state do gooder azzhatted noam chumpski worshipping sin tax loving toyota prius driving fascist pussie antz professors...now would you? Lest they get perturbed and find one more reason to hate us vapers.

 

[espkh123]

find a job.
afford your own stuff.
do your own work. i really do mean this in the wishy washiest
way possible.

mike

I don't see a point to this comment other than being a douche.
I do have a job, I buy all my own .... unless I borrow something from a friend (like the nautilus i am borrowing for the next few days).
The only reason I don't have enough money is due to medical bills, Christmas, and I just paid my tuition.
I am doing my own work. I have been using this form to links to things I may find useful.
I never even heard of Bonnie Herzog until someone mentioned her to me.
So please, keep your ignorant comments to yourself.
I really do mean this in the wishy washiest way possible.

Nick

 

[skoony]

I don't see a point to this comment other than being a douche.
I do have a job, I buy all my own .... unless I borrow something from a friend (like the nautilus i am borrowing for the next few days).
The only reason I don't have enough money is due to medical bills, Christmas, and I just paid my tuition.
I am doing my own work. I have been using this form to links to things I may find useful.
I never even heard of Bonnie Herzog until someone mentioned her to me.
So please, keep your ignorant comments to yourself.
I really do mean this in the wishy washiest way possible.

Nick

beside the fact you could use the google and get tons more
of the stuff you seam to be looking for your point is?
do not and i repeat do not pull the i have medical,emotional or
economic problems after the fact in response to my comments.
it makes you look like,well never mind.
regards
mike

 

[espkh123]

beside the fact you could use the google and get tons more
of the stuff you seam to be looking for your point is?
do not and i repeat do not pull the i have medical,emotional or
economic problems after the fact in response to my comments.
it makes you look like,well never mind.
regards
mike

My god your grammar is atrocious, I had to re-read that close to 5 times to make sure I understood what you are trying to write.
This board is for general discussion.
Many people here have bountiful knowledge on this subject.
I am tapping the resource here and bouncing ideas off people to have the best essay I can write.
One of the biggest things for ensuring you have a good essay is peer review and advice.
Well, I guess reading through your comments and your awful writing skills you never knew that.

 

[skoony]

My god your grammar is atrocious, I had to re-read that close to 5 times to make sure I understood what you are trying to write.
This board is for general discussion.
Many people here have bountiful knowledge on this subject.
I am tapping the resource here and bouncing ideas off people to have the best essay I can write.
One of the biggest things for ensuring you have a good essay is peer review and advice.
Well, I guess reading through your comments and your awful writing skills you never knew that.

i am not going to argue with a grammar #$%^.
if you cant understand English its my problem?
mike