Quote:
Originally Posted by evman150
I`m going to admit right now I`m no economics expert.
But in a (reportedly) 7.5B industry, how much tax income would BC be losing out on? I imagine weed, like cigarettes, would be taxed ridiculously.
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If the legally sold pot is taxed ridiculously, why are people buying it?
We already have a thriving cottage industry of people willing to flout the law and risk prison time to sell pot, do you really think they'll become law abiding entrepreneurs who shovel over huge percentages of their profits to the government if what they do is legalized rater than risk fines for a failure to remit taxes?
Will they close up shop just because there are gov't run pot sellers?
Will people who already go to illegal sellers choose to pay riduculously more from gov't approved, tax charging dealers as opposed to their regular illegal dealers who sell significantly cheaper?
Enlighten us as to how this works. . . .