cigarette smuggling

I wrote recently about the growing black market in tobacco smuggling. Another tax-avoidance approach some cigarette smokers have embraced is buying tobacco over the internet. Now Congress is considering a bill that would put probably fatal restrictions on this trade. One of the sponsors of the...

Just as pressure differentials spawn tornadoes, price differentials create a vortex of demand. The widely different excise taxes put on cigarettes from state to state has turned millions of smokers into smugglers, and smugglers into rich smugglers. Can you blame a smoker in New York, who is paying...