Wednesday, November 22, 2017

Dan Johnson: tax marijuana like food

Kentuckians are going whole hog into the cannabis business, but the temptation for government to meddle in it and hurt the effort is strong. We must not let that happen.

"Think about it like this: if government stepped in when the first cars were being made and required manufacturers to buy permits and to tag and pay special taxes on every part of production and then placed more taxes on consumers buying a car, we would all still be looking for good, sturdy horses to pull us around in wagons," State Rep. Dan Johnson (R-Bullitt County) said.

"When it comes to cannabis for human consumption, we should tax it like food: zero taxes putting it into the ground, zero taxes harvesting it, zero taxes at the wholesale and retail levels and then as we take our place atop the world in cannabis production, the new jobs and new economic activity will create more than enough new revenue for a revitalized Commonwealth," Johnson said.

"I understand the desire to fix Kentucky's many fiscal problems with marijuana taxes, but no farmer prospers by eating his seed corn," Johnson said. "If we can get out of the way and let the first seeds flower in freedom, the harvest will be sufficient for our needs."

Tuesday, November 21, 2017

Frankfort sex scandal 2: screwed economy

Sen. Reggie Thomas (D-Lexington) pre-filed a bill for the 2018 General Assembly yesterday to raise the state minimum wage to $15 an hour.

Frankfort politicians seeking to boost the economy need to get out of the way of Kentucky's top cash crop -- cannabis -- by ending prohibition. We've spent a century proving prohibition doesn't work and over roughly the same period we've seen proof over and over again that we can't legislate our way to prosperity with these silly wealth redistribution schemes.