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8/2/2019 Smokers are good for the Economy –Really
http://slidepdf.com/reader/full/smokers-are-good-for-the-economy-really 1/10
Smokers are good for theEconomy –Really
Prepared byKen
GutierrezUzma
Siddiqui
MoniqueJohnAriannaMarie
8/2/2019 Smokers are good for the Economy –Really
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Introduction and Overview…………..Ken
Consumption of Cigarettes…………..Uzma Smokers Save Money For Us…………Monique
Tax Consideration ……………………..John
Economic Consideration…………...…Arianna
Conclusion and Recommendations….Marie
Question and Answer …………………..Anyone
Agenda
8/2/2019 Smokers are good for the Economy –Really
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Tobacco industry pays out $368.5 Billion to 40 states
States reasoning Behind the Lawsuit The Look at the other side of this Argument
Paradoxes of Modern Medicine
Kip Viscusi Study
Tax Effect of the Study
Economic consideration and how it affects the US
Should we as a society Buy into this premise
Introduction of the Case
8/2/2019 Smokers are good for the Economy –Really
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U.S. consumers spent an estimated $90 billion in 2006on tobacco products
Approximately $83.6 billion was spent on cigarettes.
Approximately $3.2 billion was spent on cigars.
Approximately $2.6 billion was spent on smokeless
tobacco (e.g., chewing tobacco and snuff).
Consumption of Tobacco inUS
8/2/2019 Smokers are good for the Economy –Really
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2000 – 430
2001 – 425 2002 - 415 2003 - 400 2004 - 388 2005 - 376
2006 - 372 2007 - 360Source: Tobacco Outlook Report, Economic ResearchService, U.S. Dept. of Agriculture.
CIGARETTES CONSUMED
IN THE US
8/2/2019 Smokers are good for the Economy –Really
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Tobacco industry is one of
the most profitablebusinesses
Smokers save money in
health insurance / Medicaid
The life span of a smokervs. a nonsmoker isbetween 13 -15 years
shorter
Smokers save us money -
Really?
8/2/2019 Smokers are good for the Economy –Really
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Smokers save the
economy money Healthcare costs are reduced
drastically because smokers trendsay they die 13-15 years earlier
They don’t live long enough to
collect pensions The extra tax on cigarettes income
surpasses the long lasting cost ofgovernmental interference.
Economic Consideration
8/2/2019 Smokers are good for the Economy –Really
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Average state excise tax
$1.46/cigarettes pack Different state have different excise
rates
Plus federal tax of $1.01 per pack
Estimated increase in price will be10%
Reduce consumption
Tax Consideration
8/2/2019 Smokers are good for the Economy –Really
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Ethical point of view
Consumer right
Important issue
Conclusions
Recommendations
Enhance the public's awareness of the harmfuleffects of smoking
Awareness through statistic and researches
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Questions????