Because the settlement's funding ultimately comes from higher cigarette prices paid by smokers—who are on average poorer than the average American—it amounts to an extremely regressive tax, with low-income smokers funding payments to lawyers, tobacco farmers, tobacco shareholders, and state general funds.

causalpending

Speaker

Russ Roberts

Evidence Quote

so we have what is a effectively an incredibly regressive tax that... is paid disproportionately by low income people so lower inome people who still smoke are funing billion dollar... to lawyers tobacco far Farmers stockholders

Source

Bruce Yandle on Bootleggers and BaptistsAnkeborgsAnkdamm
Created: 6/15/2026, 9:20:30 AM

My Notes

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