When
studying the rich early history of the Jamestown settlers, much of the economy
during that time revolved around the growth, cultivation, and trade of tobacco,
known as "the stinking weed." Among disease and famine, tobacco also
fueled the 80% death rate in Jamestown during that time. Unfortunately,
unlike the raw tobacco that was colonial gold, tobacco has become infused with
poisons and commercialized in every pocket of the world.
According
to preliminary data from the
CDC, An estimated 45.3 million people, in
the United States smoke cigarettes and is the leading cause of preventable
death in the United States, accounting for
approximately 443,000 deaths,
or 1 of every 5 deaths, in the United States each year. Similar to what the
founders thought about in Jamestown, is a relevant thought today: Tax the hell
out of the stuff. Not only would it generate immense revenue for the
Government, hopefully it would deter people from causing their own demise.
The Allied Health Sciences and Practice shows
that a 50-cent per pack federal cigarette tax increase would generate $10.3
billion in new revenue each year. In addition, it would decrease the numbers of
youth smokers by 10% or 1.7 million. Tobacco smoking in adults would also drop
by roughly 3%, resulting in nearly 1.5 million fewer smokers. Overall future
smoking related deaths would be decreased by more than 850,000 and would result
in long-term health care savings of 32 billion dollars. Professor
Jonathan Klein of the University of Rochester states the higher prices should
have the positive effect of reducing teenage smoking. Tobacco Free Kids
furthers that “Every state that has significantly increased its cigarette tax
has enjoyed substantial increases in revenue, even while reducing smoking.
Higher tobacco taxes also save money by reducing tobacco-related health care
costs, including Medicaid expenses. States can realize even greater health
benefits and cost savings by allocating some of the revenue to programs that
prevent children from smoking and help smokers quit.” Such taxes have been
considered with alcohol and gambling as well, and are commonly referred to as “sin
taxes,” Do you
think it is a good idea to increase “sin taxes”? How would this parallel to the
Jamestown colony? Please share your
thoughts below.