Seeking Alpha
  • det9
    If Obama puts extra taxes on tobacco might not be a bad idea to short $MO and others
    4/10/13
    Reply (31)
    • jaych79: People will still smoke and chew. You may see a few get off the stuff, but taxes have been raised on tobacco for years now and...
      4/10/13
    • jaych79: ...not much change.
      4/10/13
    • Minutemen: No effect whatsoever.
      4/10/13
    • det9: Just for a quick swing/day trade. Would watch
      4/10/13
    • Minutemen: Sure, there will be some short-term volatility for traders, but no effect for long-term investors.
      4/10/13
    • Energysystems: Taxes don't stop anyone. Like you said, possible day trade, but I don't think I'll ever sell my $PM position
      4/10/13
    • weed: There's always cash for addictions. It really hurts the poor though.
      4/10/13
    • jaych79: Well the poor shouldn't smoke then. If you don't have money, the last thing you should be doing is smoking. If it was a...
      4/10/13
    • jaych79: tax on food, then I would agree with you. Or if it was an additional tax on heat or water, then yes. But taxes on tobacco do not make me..
      4/10/13
    • jaych79: ... feel bad for those who cannot afford it
      4/10/13
    • weed: The poor would have a lot more money for food and stuff if the gov wouldn't tax and ban the things they need to self medicate.
      4/10/13
    • Energysystems: The poor wouldn't have a lot more money, they're poor.
      4/10/13
    • weed: Energy, I suppose it's relative. Doesn't make sense to give them food stamps and then tax away what little extra cash they do have.
      4/10/13
    • weed: jaych79, not asking you to feel sorry for smokers. Just sayin'....
      4/10/13
    • jaych79: I don't feel sorry for them. I just won't feel sorry for poor people who complain because taxes went up on cigs. I feel for the poor, but
      4/10/13
    • jaych79: not those who choose to smoke and then complain they have no money
      4/10/13
    • weed: My only point, jay, is that they will not quit smoking they will just rely on "assistance" more. They will bear a greater burden of the tax.
      4/10/13
    • Minutemen: I used to be poor and a smoker. Now I'm semi wealthy and profit from smokers. I've come full circle.
      4/10/13
    • weed: I'll continue to help as I can, but self medication is a fact of life.
      4/10/13
    • Energysystems: I'm not in favor of taxes, on anything, be it a necessity or a frivolous addiction. But, it is what it is.
      4/10/13
    • jaych79: I hear where you are coming from weed.
      4/10/13
    • weed: Oh, and to get back on topic, $MO has been my best investment since the 2009 market crash.
      4/10/13
    • Minutemen: Legalized marijuana is next. You know MO has its eyes on that prize.
      4/10/13
    • Energysystems: I don't want any taxes going to the man...just want to be able to grow it next to my tomatoes without prosecution.
      4/10/13
    • weed: Energy, your way doesn't provide enough opportunity for graft and corruption.
      4/10/13
    • Energysystems: But I agree Minuteman, it's legalization is coming down the pipe, albeit just because of politicians chance at more tax revenue.
      4/10/13
    • Minutemen: Energy: Yes, other states will grow envious over WA and CO tax revenues. The fed will follow and MO will profit. Happy growing!
      4/10/13
    • Energysystems: yep, I don't disagree there. Maybe they'll hire an old guy like myself, I've got a helluvagood green thumb ;)
      4/10/13
    • Minutemen: Legalized weed makes everyone happy! (except the street dealers)
      4/10/13
    • Energysystems: I don't know, the cartels already have significant supply chain advantages.
      4/10/13
    • theoptionrider: raising taxes on cigarettes will have absolutely NO effect whatsoever. NONE, ZERO, ZIP! That's the beauty of this stock:)
      4/10/13