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Yesterday, the "European Parliament," which sounds, ironically, like a brand of cigarettes, but I'll take the WSJ's word that it's actually some sort of lawmaking body, voted to ban "menthol and other flavored cigarettes" throughout the entire European Union

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Clearly, however, these people never heard of the Laffer curve, despite it being the basic economic premise behind such "sin taxes." Simply put, the Laffer curve argues that there is a point where a tax rate can be so high, it actually collects less revenue by encouraging individuals to avoid the behavior or product being taxed

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