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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Brickeye ✸  😊 😞
Number: of 22351 
Subject: Re: Oil to Travel Same Path as Tobacco?
Date: 06/11/24 11:44 PM
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It's an interesting analogy but I can't see states demanding the kind of revenue they got from tobacco companies because the nature of the "damage" is much more opaque. Smoking cigarettes is a lifestyle choice whereas oil was an industry that grew by collective societal choice. You never had to smoke but you did have to heat your house and fill your car up with gas. States can offer incentives to fossil fuel alternatives but I just can't see them getting the kind of taxes they got from tobacco. Oil companies will also never have to deal with the same kind of civil litigation that tobacco companies did as well (except for isolated accidents).

Full disclosure- I have owned PM for 25 years and own Chevron as well.
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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
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