Berkeley CSUA MOTD:Entry 21829
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2018/11/17 [General] UID:1000 Activity:popular
11/17   

2001/7/17-18 [Finance/Banking, Finance] UID:21829 Activity:high
7/17    economy derives benefit from dad smokers:
http://news.bbc.co.uk/hi/english/world/americas/newsid_1442000/1442555.stm
        \_ Economics is sometimes a cruel filter to apply to your vision of
           the world.
           \_ Only sometimes?
2018/11/17 [General] UID:1000 Activity:popular
11/17   

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Cache (1525 bytes)
news.bbc.co.uk/hi/english/world/americas/newsid_1442000/1442555.stm -> news.bbc.co.uk/1/hi/world/americas/1442555.stm
The report, drawn up for tobacco giant Philip Morris Inc, found that the Czech Republic saved about $147m in 1997 through the deaths of smokers who would not live to use healthcare or housing for the elderly. This is not the normal way we think about the lives of citizens Richard Daynard, anti-tobacco industry lobbyist Compiled as a cost-benefit analysis and delivered to the Czech Government, the study weighted the savings against the income tax lost and cost of caring for smokers before they died. However, tobacco industry opponents have attacked the report as an attempt to show that governments benefit from smoking related deaths. Marlboro cigarettes Philip Morris produces one of the world's best known brands The study "was part of an ongoing debate about the economics of cigarette excise tax policy in the Czech Republic," said a company spokesman. Philip Morris employs 178,000 people in more than 150 countries, and is the world's largest cigarette maker with brands such as Marlboro. It produces 80% of the cigarettes smoked in the Czech Republic. Defence Tobacco companies have used similar arguments in the past to defend themselves against lawsuits from states demanding reimbursement for treating smoking-related diseases. However, last month a Los Angeles jury ordered Philip Morris to pay more than $3bn to a smoker suffering from terminal cancer who said the company did not warn him of the dangers of smoking. The award was the largest individual punitive damage award ever against a cigarette maker.