Good article about State govt addiction to TMSA money

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DrMA

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Jan 26, 2013
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«State governments being what they are in our country--slightly corrupt, slightly incompetent collections of populists, blowhards, and snake-charmers willing to offer voters everything for nothing--they took this windfall of a steady paycheck and promptly leveraged it on the market in state bonds. Bonds, for those of you not fully versed in financial markets, are fixed-term loans: I’ll gladly pay you Tuesday for a hamburger today.»

«Here’s the point: the same governments that are responsible for regulating tobacco companies are fiscally dependent on those self-same tobacco companies in order to avoid default.»

eCigs, The Tobacco Settlement & The Road Th...
 

Kent C

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«State governments being what they are in our country--slightly corrupt, slightly incompetent collections of populists, blowhards, and snake-charmers willing to offer voters everything for nothing--they took this windfall of a steady paycheck and promptly leveraged it on the market in state bonds. Bonds, for those of you not fully versed in financial markets, are fixed-term loans: I’ll gladly pay you Tuesday for a hamburger today.»

«Here’s the point: the same governments that are responsible for regulating tobacco companies are fiscally dependent on those self-same tobacco companies in order to avoid default.»

eCigs, The Tobacco Settlement & The Road Th...

Government is more addicted to nicotine that we are :facepalm: :laugh:
 

Rlrick

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Just finished up my own research on Vaping and Tobacco products vs. Tobacco Taxation and the results after a 1 year study. Found that the nicotine used in e-juice is as addictive as a cup of coffee. On the other hand the monies derived from taxing tobacco products and Vaping products along with the tobacco bonds and MSA tobacco agreement along with numerous other funding I have not mentioned but are there. All of this taxation I have come to the conclusion is so addictive that there are Attorney Generals, Senators, People in the FDA, The CDC, Stanton Glantz, The Who I could go on forever. Everyone here knows who I am talking about these people will cherry pick their own studies to make Vaping look bad and hide behind the children saga just to ban Vaping and allow Smoking of combustible cigarettes. Taxation is so addictive that these people are willing to ban Vaping products and allow close to half a million smokers to die every year just to protect their precious revenues and taxes. SO SAD.
 
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