tag:blogger.com,1999:blog-3585028625507474093.post2743367589743659221..comments2023-10-17T15:56:22.827+01:00Comments on Velvet Glove, Iron Fist: Another tobacco control canard bites the dustChristopher Snowdonhttp://www.blogger.com/profile/15963753745009712865noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3585028625507474093.post-42398285726581678412014-10-13T21:23:56.611+01:002014-10-13T21:23:56.611+01:00The median average disposable income has slightly ...The median average disposable income has slightly more than doubled since 1974 (in real terms). Cigarette prices have gone up by a lot more than that.<br /><br />Bear in mind that disposable income only refers to income after direct taxation, so it hasn't diverged from pre-tax wages a great deal.Christopher Snowdonhttps://www.blogger.com/profile/15963753745009712865noreply@blogger.comtag:blogger.com,1999:blog-3585028625507474093.post-66256390200341418212014-10-13T20:35:49.937+01:002014-10-13T20:35:49.937+01:00I'm not sure you're right on this one. The...I'm not sure you're right on this one. The original article refers to disposable income, not total income. Disposable income now is much higher than back then, thus the cost of cigs as a proportion of disposable income may possibly be lower.Turnbull2000https://www.blogger.com/profile/16876072235135342437noreply@blogger.com