Why I study taxing cannabis

Inequality has hardly been wiped out by the income tax, which has turned into a joke as huge corporations put trillions of dollars into untaxed income — offshore. Don’t get me started.

Plus, the power to tax is the power to destroy, and if you want to create jobs, income may be the next-to-worst thing to tax (tax base) you can find. Payroll is worst.

So let’s tax pollution we can measure. Let’s tax carbon. Let’s tax alcohol more. Cannabis is at the bottom of the list, but we’ve got to start somewhere, and we haven’t even tried some of the best revenue models for that substance yet.

 

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Author: patoglesby

From 1982 to 1990, I worked in tax policy for Committees of the United States Congress. In recent years, I was Adjunct Lecturer at UNC-Chapel Hill's Business School and then Adjunct Professor at its Law School.

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