Jul 30, 2001
Dead smokers save governments money!
This was the conclusion drawn by a new study on the financial cost of smoking – paid for, just coincidentally, by Philip Morris, the international tobacco giant.
The study, done by a U.S. research firm, found that if people die earlier, less money is spent on their health care, housing costs and old-age pensions.
The study looked specifically at the Czech Republic, where Philip Morris controls over 80% of the tobacco market. But the researchers said their study’s conclusions could apply elsewhere.
What’s next for Philip Morris? Will it develop a more quick-killing cigarette? Will it ask for another tax write-off – for saving the government tons of money!?