> That's not a very different argument from saying people will steal merchandise and sell it on the corner because consumers prefer to pay less and not walk the aisles.
Do you not think that's true? Why do people steal merchandise and sell it on the corner?
You see an almost identical argument all the time wrt cigarette taxes - even though cigarette buyers have inelastic demand, there's a limit to how high you can raise the taxes, because eventually everyone will be buying smuggled cigarettes.
Do you not think that's true? Why do people steal merchandise and sell it on the corner?
You see an almost identical argument all the time wrt cigarette taxes - even though cigarette buyers have inelastic demand, there's a limit to how high you can raise the taxes, because eventually everyone will be buying smuggled cigarettes.