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View Diary: Legalize Pot? - I'm Not So Sure (71 comments)

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  •  Marijuana taxes are never going to replace... (12+ / 0-)

    ...other taxes. In 2010, according to the Tax Policy Center, all 50 states and all local governments combined took in a paltry $6.03 billion in tax revenue from alcoholic beverages.

     

    Don't tell me what you believe, show me what you do and I will tell you what you believe.

    by Meteor Blades on Sat Jun 22, 2013 at 09:33:32 AM PDT

    •  The states could make big $s off of leagal pot (17+ / 0-)

      By not arresting
      by not going to court
      by not putting people in prison .

      A penny saved is a penny earned .

      A million here , a million there ,
      and pretty soon you are talking some real money .

      Those people paying taxes on pot
      plus the reduction in outflow of funds
      would be a tasty bud indeed .

      The standard you walk past is the standard you accept. David Morrison

      by indycam on Sat Jun 22, 2013 at 09:57:18 AM PDT

      [ Parent ]

    •  Taxes not trivial (1+ / 0-)
      Recommended by:
      kbman

      According to Cato Legalizing pot will add about 8.7 billion in tax revenue and save about an equal amount in incarceration and law enforcement costs.
      Now to be sure, that won't instantly balance the federal budget, but 17 billion in net gain is certainly worth considering.

      •  The enforcement costs I can accept... (0+ / 0-)

        ...but the tax revenue portion of the CATO Institute I find utterly unpersuasive having now read their assumptions.

        Don't tell me what you believe, show me what you do and I will tell you what you believe.

        by Meteor Blades on Sat Jun 22, 2013 at 01:43:23 PM PDT

        [ Parent ]

        •  What is your objection? (0+ / 0-)

          They assume a modest increase in the amount sold due to population increases, similar rates to those used for alcohol, and add in the income taxes paid by the producers and sellers.
          Considering the 6 bil on Alcohol, I don't see 8.7bil for pot as at all hard to believe.
          What assumptions do you have a problem with?

          •  I don't believe that people will consume... (0+ / 0-)

            ...marijuana above the level they consume alcohol.

            Don't tell me what you believe, show me what you do and I will tell you what you believe.

            by Meteor Blades on Sat Jun 22, 2013 at 04:56:51 PM PDT

            [ Parent ]

            •  Why not? (0+ / 0-)

              First of all my understanding is that they started out with the rather conservative estimates by the ONDCP on how much pot is being used now, and only adjusted for increased population.
              Secondly, I don't see any reason to believe people won't use it as much or more often than alcohol. I know quite a few people who prefer it as a way to relax. It's major disadvantage with regard to alcohol is it's illegality. It can be grown easily by any competent home gardener, doesn't kill you, or make you hostile, and it enhances your appetite.
              Because of medical MJ. laws, there are already a plethora of edible forms that don't require smoking, and vaporizers are also taking over from smoking. I expect it will rather quickly equal or surpass alcohol use if made legal, which opens it's own set of concerns.
              So, what value would you place on it's sale? several billion at least, and added to the money you willingly admit will be saved on law enforcement and incarceration, it's still a decent pot of money.

              •  What I am saying is that NATIONWIDE... (0+ / 0-)

                ...it's not going to raise that much government revenue, just as alcohol doesn't now, and that, at least for quite some time consumption of marijuana will be less than consumption of alcohol.

                Two-thirds of adults said in 2011 that they had in the previous 12 months consumed alcohol, that's approximately 150 million Americans.

                In 2008, 100 million Americans said that at some time in their lives they had consumed marijuana. Ten percent (25 million) said they had done so in the past year.

                Don't tell me what you believe, show me what you do and I will tell you what you believe.

                by Meteor Blades on Sat Jun 22, 2013 at 10:58:13 PM PDT

                [ Parent ]

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