Pubdate: November 1998 Source: Scientific American (US) Contact: http://www.sciam.com/ Copyright: 1998 Scientific American, Inc Author: Peter Webster MONEY TO BURN The profile of Stanton A. Glantz by W. Wayt Gibbs ["Big Tobacco's Worst Nightmare," News and Analysis, July] describes Glantz's favoring of a law that "stiffly increases" taxes on cigarettes, reflecting the widely held opinion that such a move would reduce consumption. Although a sudden increase in price or tax on a given item has been shown to reduce its consumption in the short term, it is not at all evident that it does so over the long term. What Glantz ignores is the well-known phenomenon that expensive items are perceived as prestigious luxury items. Cigarettes in a plain brown wrapper with no logos, no allure and a low price would demonstrate the true value of smoking. PETER WEBSTER International Journal of Drug Policy - --- Checked-by: Rolf Ernst