Just got my new issue of Cigar Aficionado today and on the cover is Jay-Z. As a younger guy I’m somewhat aware of who this guy is. Rapper, music mogul, with Beyonce, and an all-around cool dude. Basically, I just know what his image is – so the part about him probably won’t be all that interesting of a read. Oh well.
The top cigar of this issue is the Padron 1964 Anniversary Series “A” with a score of 95 points. That’s an impressive score indeed and one that I would most likely agree with. My New Year’s Day cigar was a Padron 1964 Anniversary Monarca and I gave it 95 points. Since then I have had a couple of cigars I would rank higher and I will be putting those reviews up in the future.
Then I come to the Editors’ Note. It’s always one of the more enjoyable parts of the magazine for me because it’s not just an advertisement for the rest of the magazine like so many other Editors’ Notes tend to be. It starts out with a nod to the current economic problems and how the fear of today is analogous to the fear from the Depression even if the current circumstances do not arguably warrant as much trepidation. Then they talk about S-CHIP and how the increase in taxes doesn’t seem like it’s going to put a damper on premium cigar sales anytime soon (that’s just what the tax-happy Senators and Congressmen wanted to hear).
And then, oddly, they say that more taxes usually leads to a drop-off in sales for the taxed items. This I completely agree with and, ironically, may explain why premium cigar sales didn’t slack off during the first quarter. When the government tells the people that they are going to raise taxes on a product on a certain date the people will act rationally and start stockpiling those products up to the date when the tax increases. Here’s an example of that and here’s another example.
Go to page four of this report and see the affect that stockpiling could be having on premium cigars. This report is mainly about a tax on cigarettes but I think that we’ll see a lot of the same things happening with cigars during the next couple of months. Maybe the taxes on cigars will have less of an impact due to its premium status but once you couple the new taxes with a soft economy I don’t know how we will see cigar sales increase for the next few months.
Alright, that’s it. I’m going to go and read the magazine and find a better cigar to enjoy (Hoyo de Monterreys are not my favorites by any stretch of the imagination). Have a great day!!!