Taxes on goods and services like alcohol, tobacco, and gambling winnings (and maybe someday sugary foods and marijuana) are levied to reduce consumption of such goods and to raise tax revenue (for example, President Obama's proposed fiscal-year 2015 federal budget, released March 4th, 2014, included a 94 cents-per-pack increase in the federal cigarette tax rate and a proportionate 93% increase in all other tobacco tax rates; these are estimated to raise $78 billion over the 10-year time period from 2014 through 2024 -- click here for the National Association of Tobacco Outlets, Inc. (NATO)'s description of the new tax rates for cigarettes and tobacco products). How effective do you think these types of taxes are in achieving these two goals? Include in your post how price elasticity of demand for these goods influences consumption and tax revenue.