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Thread: Ron Paul, Barney Frank team up to legalize marijuana

  1. #131
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    Re: Ron Paul, Barney Frank team up to legalize marijuana

    Quote Originally Posted by TurtleDude View Post
    getting rid of the federal war on drugs-especially weed would save us tons
    I'd be willing to spend it IF we were getting something out of it that was remotely worth the price. I am unconvinced that the nation is better off because we spend however much we spend putting Cheech & Chong in jail.
    I may be wrong.

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    Re: Ron Paul, Barney Frank team up to legalize marijuana

    Some major differences between pot and tobacco are the quantity needed to supply a user and the processing "needed" to generate the end product that the user wants.

    I may well be wrong about this...if someone feel like getting the numbers, I would appreciate it.

    I think it takes more tobacco plants to support one users use for a year than it takes pot plants to support one users use.

    Anyway, the point being, that I suspect that people would be more likely grow their own pot and buy pot from the local farmer's market rather than resort to buying tax smuggled joints.
    My guess is based on the theory that it's much simpler to supply oneself or one's local community with pot than it is to do the same with cigarettes.
    If that's wrong, then the theory may not hold.
    I may be wrong.

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    Re: Ron Paul, Barney Frank team up to legalize marijuana

    Quote Originally Posted by Simon W. Moon View Post
    Some major differences between pot and tobacco are the quantity needed to supply a user and the processing "needed" to generate the end product that the user wants.

    I may well be wrong about this...if someone feel like getting the numbers, I would appreciate it.

    I think it takes more tobacco plants to support one users use for a year than it takes pot plants to support one users use.

    Anyway, the point being, that I suspect that people would be more likely grow their own pot and buy pot from the local farmer's market rather than resort to buying tax smuggled joints.
    My guess is based on the theory that it's much simpler to supply oneself or one's local community with pot than it is to do the same with cigarettes.
    If that's wrong, then the theory may not hold.
    And, when the government figures out that they are losing billions in revenue, because people are growing their own pot, they will make private pot growing, illegal.

    Pot will always be a controlled substance and therefore have laws that control it's use and distribution. My whole point, is that the, "it will create tax revenue", and, "we'll save money because we won't have to enforce the law", arguments are crap, because neither are true.

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    Re: Ron Paul, Barney Frank team up to legalize marijuana

    I am all for legalization. My biggest concern about legalizing marijuana is that it might lead to a financial bubble. It would be a bonanza of cash that might lead to a little malinvestment and irrational exuberance.

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    Re: Ron Paul, Barney Frank team up to legalize marijuana

    Quote Originally Posted by apdst View Post
    And, when the government figures out that they are losing billions in revenue, because people are growing their own pot, they will make private pot growing, illegal.

    Pot will always be a controlled substance and therefore have laws that control it's use and distribution. My whole point, is that the, "it will create tax revenue", and, "we'll save money because we won't have to enforce the law", arguments are crap, because neither are true.
    they can always tax the seeds, or require a license to grow, or apply heavy tax on grow equipment, etc, etc.

    elimination of enforcement costs alone will produce a net savings - even without a tax scheme applied.

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    Re: Ron Paul, Barney Frank team up to legalize marijuana

    Quote Originally Posted by RStringfield View Post
    I am all for legalization. My biggest concern about legalizing marijuana is that it might lead to a financial bubble. It would be a bonanza of cash that might lead to a little malinvestment and irrational exuberance.
    that is the most bizarre concern I have ever read.

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    Re: Ron Paul, Barney Frank team up to legalize marijuana

    Quote Originally Posted by ARealConservative View Post
    that is the most bizarre concern I have ever read.
    All the other concerns are bogus. There would be a rush of investment and a LOTTA glorious money to be made. You would be legalizing a huge market.

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    Re: Ron Paul, Barney Frank team up to legalize marijuana

    Quote Originally Posted by apdst View Post
    I don't think it is. The black market cigarette industry is larger than the illegal drug industry.

    Cigarette Smuggling Linked to Terrorism (washingtonpost.com)

    North Country Gazette Illegal Cigarette Traffickers Snuffed Out
    Because NY is trying to control the behavior of it's citizens. Problems surrounding the government's increasing prohibition against cigarettes is not an argument in favor of prohibition of marijuana. If NY taxes were simply guided by revenue instead of trying to control behavior this problem disappears.

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    Re: Ron Paul, Barney Frank team up to legalize marijuana

    Quote Originally Posted by RStringfield View Post
    All the other concerns are bogus. There would be a rush of investment and a LOTTA glorious money to be made. You would be legalizing a huge market.
    a rush to invest is not a bubble. and remember, production costs are already in existence (demand would largely remain constant IMO). In truth, investment costs are already a bubble because of the black market element artificially raising prices to meet presetn demand. what would actually happen is costs would be reduced and the bubble that exists would deflate. but it would be offset because this investment money would not be in the black market any longer.

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    Re: Ron Paul, Barney Frank team up to legalize marijuana

    Quote Originally Posted by ARealConservative View Post
    they can always tax the seeds, or require a license to grow, or apply heavy tax on grow equipment, etc, etc.

    elimination of enforcement costs alone will produce a net savings - even without a tax scheme applied.
    Then, we'll have to have to turn the ATF, DEA, whomever, into the license and tax cops for pot seeds and growing equipment.

    Now, let's get into the growing equipment tax. That's the same stuff that people buy at Home Depot to grow tomatoes in their back yard. So, evidently, the price on those goods are going to increase.

    Those damned unintended consequences!

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