California

The Mouth

(3,150 posts) Fri Mar 15, 2024, 03:59 PM Mar 15

More idiocy, let's just kill the goose that is trying to lay golden eggs...

"A coalition of nearly 60 nonprofit leaders is proposing increasing pot taxes to fully fund child care for low-income youth as well as substance abuse programs, according to a letter sent last month to Gov. Gavin Newsom, as well as the state Senate president pro tem and the state speaker of the Assembly. Lynn Silver, a program director at the Public Health Institute and a signatory on February’s letter, said in an email to SFGATE that pot taxes are not too high and increasing tax rates would benefit the state by increasing investing in necessary programs.

The letter is now setting up a fight with the cannabis industry and some economic experts, who say raising tax rates will have the opposite effect: further reducing overall cannabis tax revenue by making legal cannabis more expensive and driving customers to the illicit market, where they don’t pay any taxes at all."

Idiots.

https://www.sfgate.com/cannabis/article/major-coalition-calls-calif-increase-cannabis-tax-18938996.php

6 replies

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Highlight:

More idiocy, let's just kill the goose that is trying to lay golden eggs... (Original Post) The Mouth Mar 15 OP

We should tax the geese who are hoarding the golden eggs - the billionaires! Wonder Why Mar 15 #1

Pot tax too high now. SarahD Mar 15 #2

I voted against legalization for that very reason JoseBalow Mar 15 #3

Congratulations on your 1,000 post milestone. niyad Mar 15 #5

Thhank you. I feel like an old timer. SarahD Mar 15 #6

I agree. That'll be like shooting our selves in the foot demosincebirth Mar 15 #4

Wonder Why

(3,205 posts)

1. We should tax the geese who are hoarding the golden eggs - the billionaires!

Reply to The Mouth (Original post)

Fri Mar 15, 2024, 04:32 PM

Mar 15

SarahD

(1,185 posts)

2. Pot tax too high now.

Reply to The Mouth (Original post)

Fri Mar 15, 2024, 04:57 PM

Mar 15

I know somebody who grows pot outside the system and he is happy with the high rax rate because it encourages black market business, which keeps him afloat. I'm sure he would love to see a higher pot tax. They can't raise the tax too much more before they shut down the legal market entirely.