News (Media Awareness Project) - US CA: PUB LTE: Missing The Revenue |
| Title: | US CA: PUB LTE: Missing The Revenue |
| Published On: | 2008-11-15 |
| Source: | San Gabriel Valley Tribune (CA) |
| Fetched On: | 2008-11-16 02:22:23 |
MISSING THE REVENUE
I am a graduate of Arroyo High School, Class of 1969. This is
regarding the news article in your newspaper "Record year for pot seizures":
In order to send the correct message to our young people, we have
forsaken a billion dollars in tax revenue.
The $14 billion marijuana crop harvested by Los Angeles County this
season, taxed at 7.25 percent would have yielded more than a billion
dollars in revenue. And that is only the detected portion of the crop.
Cannabis is by far the leading cash crop in California, and the nation
as well. What drives this profitability? Why prohibition, of course.
The failed and utterly disproven notion of prohibition reaps its
reward.
Jay Bergstrom
Forest Ranch, CA
I am a graduate of Arroyo High School, Class of 1969. This is
regarding the news article in your newspaper "Record year for pot seizures":
In order to send the correct message to our young people, we have
forsaken a billion dollars in tax revenue.
The $14 billion marijuana crop harvested by Los Angeles County this
season, taxed at 7.25 percent would have yielded more than a billion
dollars in revenue. And that is only the detected portion of the crop.
Cannabis is by far the leading cash crop in California, and the nation
as well. What drives this profitability? Why prohibition, of course.
The failed and utterly disproven notion of prohibition reaps its
reward.
Jay Bergstrom
Forest Ranch, CA
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