December 14, 2009
On taxes and smoking c. 1909

The Dec. 14, 1909 NYT reports the following:

BERLIN - The Committee on Appropriations unanimously voiced today to report to the Reichstag a resolution appropriating $500,000 for the relief of tobacco workers who have been thrown out of work as a consequence of the reduced consumption of cigars and cigarettes under the operation of the new tax measures.
Glad to see public policy has come so far in one hundred years.

Posted by Craig Depken at 11:32 AM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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