Fair enough. These are the pros and cons that certainly have to be weighed. We see the economic curve of price and use. Pragmatically, though, if as predicted by Wells Fargo electronic cigarettes are taking over tobacco, the taxation income from tobacco will decline. At some point in time it will decline. However, there will be a time lag in which you will see the health benefits. when those health benefits start accruing, if we see cancer rates drop, emphysema hospitalization rates lower, we'll see a savings on the health care front, but something will need to be done to make a leeway. I think there are people far better qualified than me to discuss the economics of what tolerance there is for increasing taxation as opposed to not driving that illegal market. I have no clear answer for you about how to control the illegal market of tobacco. I would only say, though, that the corollary is true, that if you increase the taxation on electronic cigarettes there's a clear problem with a black market e-cigarette. You can make these devices in your garage at home. There are YouTube sites where people will make these devices and make the solutions at home that have no standard. If we make it inordinately expensive or even equally as expensive to acquire, then you'll see people start making these things at home and then you will see more batteries explode and people being poisoned by them. That's why we need regulations.
On November 6th, 2014. See this statement in context.