Ten Years Later, Tobaco Deal Going Up In Smoke, page 1
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Topic started on 21-11-2008 @ 09:35 AM by RedGolem

Ten Years Later, Tobaco Deal Going Up In Smoke


redtape.msnbc.com
Because these states have essentially borrowed against future payments from the tobacco industry, they are now dependent on the continued vitality of cigarette sales. If Big Tobacco stumbles, states will be on the hook for these massive, billion-dollar loans. In other words, David and Goliath are now allies.

Where did those loans come from? Perhaps from you. When Wall Street talked 25 states into borrowing against future tobacco payments -- a process known as “securitization”
(visit the link for the full news article)


Related News Links:
www.burlingtonfreepress.com

Related AboveTopSecret.com Discussion Threads:
www.abovetopsecret.com...
tobacco ...maybe not as bad as we're led to believe


reply posted on 21-11-2008 @ 10:50 AM by SEEWHATUDO
reply to post by RedGolem



Not only are they not going anywhere but if I was a smart person I would buy stock in Big Tobacco, Big Beer, Big Liquor and Big Drug.
In an economic crapfest those are the winners, guaranteed.


reply posted on 21-11-2008 @ 05:30 PM by RedGolem
reply to post by SEEWHATUDO



Seewhat
Thanks for posting.
I agree with you about the stocks. If I rember correctly both liquor and tobacco have been good stocks to have in the past. I truly do not know what impact the two hundred billion dollar ruling will have on them.



reply posted on 22-11-2008 @ 04:10 AM by RedGolem
reply to post by TheRedneck



Redneck
First off I would not support any sort of legislation limiting your smoking on your property. That being said I still think tobacco use is on its way out. Perhaps not in the next ten years with the way the money is being used. Going deeper into the money, if there was not so much of it at stake, I think you could have your wish. Meaning, the reason this whole thing is happening is the money. It is what the health care is costing from the related desieses. I know there are the theories that tobacco use does not really cause any desies, but for the sake of this thread lets say it does. If there was a way where you could remove your self from any sort of government support, or sponsored program related to your health, you just might get your wish of lighting up in any public area. If everyone could do that there just might be enough money saved that the tax could be lowered on the tobacco, not that it would ever happen.


reply posted on 22-11-2008 @ 09:55 AM by TheRedneck
reply to post by RedGolem

I am still a bit confused on the social health care costs associated with smoking.

If we lived under a socialized health care system in the US, I could at least understand that argument. But we do not. I pay for my insurance. I pay the deductible. I pay the co-payments. No one else; me. If I do not have the money to pay, I do not get the care.

So, without all the arguments about whether or not the studies that have been done are skewed, there is still no reason why any company or group should pay for my health care, nor is there any evidence that anyone is doing so. On the other hand, I do have check stubs that show me paying for my health insurance out of my paycheck. That's not your money or anyone else's money that is being taken out of my pay; it is my money.

I could speculate that this arrangement (concern over society paying what I am obviously paying) is a way to bring in socialized health care, by planting the seed of thrift for the good of society in our collective minds. But the simple fact is still, at the present time, I pay for my health care. No one else does.

TheRedneck


reply posted on 22-11-2008 @ 01:45 PM by burdman30ott6
Anyone who doesn't expect the state's (and cities') huge budget shortfalls to be partly absorbed by higher and brand new sin taxes is fooling themselves. I won't be surprised if a pack of smokes is running an additional $3-$4 by this time next year, booze will be an extra 20% a bottle at least, hell by then they'll probably have porno taxes and it certainly is in the pipeline to start special sin taxes for "junk" and fast food.

I also would like to shake the hand of anyone who believes that this war against big tobacco (or any other addictive or harmfull substance or consumable) had anything whatsoever to do with government worrying about our health & longevity because I've always desired to meet the most gulible, doe-eyed human being on Earth. It was purely a financial decision by the government. The insurance companies were riding the government's back because health care costs were going up, up, up thanks to smoking related illnesses and the insurance companies saw their profit margins from federal assistance dwindling because of that fact. They sold the idea to the governments that tobacco taxes could be raised to help offset the higher costs and, meanwhile, lawsuits and penalties could be levied against the tobacco companies, themselves, to sweeten the deal and put a little extra dinero into the government coffers.

Believe me, somewhere in Washington the plans are already being drawn up to take advantage of the fact that McDonald's corp. is successfull and posting big profits. As a smoker and a Dollar Menunaire, I gladly throw the middle finger up at anyone who thinks it is their right or responsibillity to "save me" from my own vices by taxing the hell out of me. I throw both middle finger into the face of anyone who taxes me under those false pretenses when in reality they're just looking to get more money out of my wallet and into their grubby little hands. Want to guess how many fingers I'm currently holding up?


reply posted on 22-11-2008 @ 02:01 PM by TheRedneck
reply to post by burdman30ott6
Want to guess how many fingers I'm currently holding up?


Umm... 7?

Great post, Starred.

TheRedneck


reply posted on 22-11-2008 @ 02:43 PM by MoonMine
I disagree with the in bed thing.

In general the, for lack of a better word, NWO does not want you to smoke because Nicotine interferes with "their" program to make the masses complacent.

Nicotine neutralizes the effects of Fluoride. Nicotine makes you more alert, critic and rebellious. Check
Psychoactive effects of Nicotine. Not to mention neural receptors not responding the way they like.

They try and try to kill smokers by putting all sorts of nasty ingredients in filter cigarettes, but the process is too slow. Fear works much better... But if they cannot kill´em nor scare them off they will for sure try to ban them out of existence. It won´t be long before you cannot smoke anywhere anymore in the world, including your own backyard, street or car.

For now just smoke a pipe using your own tobacco or pure rolling tobacco.

Puff Puff... Ah, I see now.


reply posted on 22-11-2008 @ 08:26 PM by TheRedneck
reply to post by RedGolem

Medicare, as opposed to Medicaid, is a voluntary medical insurance program where people do pay for their participation in the program. It is partly subsidized by the Federal government, but not completely.

This is where the argument breaks down. The government provides partially-subsidized health care insurance for the elderly. Who in their right mind would oppose that? But once it is established, suddenly we have to give up some things because they are 'bad' for us, and anything 'bad' for us is taxing the system (pun intended) too much. So yeah, we get low-cost health care, but at the cost of freedoms.

Instead, we should have been looking at the rising cost of health care in general, and what we can do to lower it. But now we're concerned about who has medical insurance (as opposed to medical care). Meanwhile, nothing is done to slow rising health care costs, and the insurance companies, pharmaceuticals, and the doctors who play the system are getting wealthy and everyone else suffers.

As for me personally, it is my fervent hope that when the time comes for me to pass on, I am not forced into the indignity of lying in a hospital bed in a backless paper gown while idiots poke and prod trying to figure out how to fix this machine they can't even say how works exactly yet... I wanna go like my great-uncle went, lying in a bed in a home, smoking a cigar, drinking rum and eating fried food smothered in mayonnaise... THAT's how ya do it!

TheRedneck
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