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Old 03-18-2013, 06:13 PM
 
Location: Golden, CO
2,181 posts, read 5,619,414 times
Reputation: 2073

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Quote:
Originally Posted by davidv View Post
The general assembly may refer a tax to the people, but the people may reject it.
I'll be voting "no".
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Old 03-18-2013, 07:31 PM
 
Location: The Berk in Denver, CO USA
13,964 posts, read 20,232,249 times
Reputation: 22603
Default Me too

Quote:
Originally Posted by davidv View Post
The general assembly may refer a tax to the people, but the people may reject it.
I will vote against it.
I hate "special" taxes.
While I believe that taxes are necessary, I want them to:
1. not discriminate (s-crew you Dennis Gallagher)
2. hit you in the face (scr-ew you Milton Friedman for inventing withholding on payroll)
3. be difficult to increase
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Old 03-18-2013, 07:56 PM
 
9,830 posts, read 19,539,435 times
Reputation: 7604
When a tax actually exists, then tell me about it. But for right now, cannabis taxation doesn't exist in any form to my knowledge and that is being used to "sell" cannabis legalization, "Oh yeah yeah, it's gonna be taxed and bring in all this revenue, blah blah blah". Sure.

All a bunch of poppycock.

I'd like to know how the state is going to reap this big windfall off a plant that any moron can grow?

TABOR has it's in's and out's. I'm no expert on it. But some mechanism needs to be in place to keep government from overreaching and putting the state into a financial hole. That didn't happen in certain other states and they are now dead state walking.
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Old 03-20-2013, 08:01 AM
 
3,492 posts, read 4,939,017 times
Reputation: 5377
Cannabis isn't taxed yet, and isn't legal yet. Saying the legalization is happening before it is in place but the taxes don't exist until after they are in place is a double standard.

Any moron can grow tomatoes, but most people purchase them at the market. The energy needs for growing MJ are much higher, and as a result the economies of scale when growing it are dramatically more powerful which should offset any tax on the product.

Since I have a fairly large background in economics, I love taxes that are on a single item. It is a way to produce revenue and discourage the use of that item. They should be placed on items that have negative external consequences. For instance, if my consuming product ABC creates a negative effect for my neighbor but not for me, then I will consume too much of it. The ideal amount of a product to be consumed is the point where marginal cost is equal to marginal benefit. If I don't have to recognize a cost that I'm imposing on my neighbor, then I will continue to consume.

Alcohol is a perfect example of an item with an external cost. Some people are responsible with alcohol, but some people are not. The ones that are not drink and drive, which creates a significant risk of murdering another person's family. Alcohol consumption should be reduced from the marginal cost/benefit point for the consumer to reflect the costs to society. Ideally, the tax on alcohol charged to the consumer would go up with each beer so that becoming very drunk would be prohibitively expensive. I also support allowing entrapment (cops sitting outside the parking lot and looking for people that appear drunk when they get into their cars--which IMO should not be considered entrapment), and requiring all first time offenders to have a breathalizer attached to their car ignition. (Second offense = remove their license for 10 years)

How does MJ compare? People on MJ also suffer weakened reactions and poor driving skills. However, they usually drive significantly below the speed limit instead of above the speed limit. As a result, their poor driving skills are dramatically less likely to kill someone. If we could go back in time and review which substance was more dangerous, it is alcohol that would be facing enormous challenges. Ever see a guy that gets high on pot and beats his wife? I've never even heard of a case, but I've known of plenty of women who were abused by a drunk. While both drugs slow down the brain, MJ produces a very different state of mind that discourages driving aggressively and assaulting people.
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