For most excise taxes, the base should be the harm or cost-causing element because that best internalizes a negative externalityAn externality, in economic terms, is a side effect or consequence of an activity that is not reflected in the cost of that activity, and not primarily borne by those directly involved in said activity
"From Gonzo Chef to World-Renowned Traveler: Remembering Anthony Bourdain's Life Behind the Camera"
Cellophane is invaluable for shipping, displaying, and inventorying premium cigars, but it is a barrier to a cigars raw aroma
It makes it difficult to explain to patients who are hospitalized as to what is going on, and its even more difficult to treat it. Who is at risk
Its generally perceived as safer than traditional cigarettes
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