The power to tax is the power to destroy

Who knew it wouldn’t float?

With tax revenues plummeting, California moves to hike pot tax

Predicted sales tax from pot sales is dismal, because a 50-80% tax burden is sending the navel-gazers back to the black market. Throw in the crushing weight of state and local regulations, and the nascent legal pot industry is collapsing just as it was getting started.

So in response to this dashing of their fiscal dreams, the legislature has moved to increase taxes and regulations — reality? What’s that?

Besides the joy these developments will bring to the Mexican cartels, there’s also the satisfaction of seeing, once again, that the socialists in our midst have been hiding a dark secret: they are unwilling to pay taxes to fund their paradise.

Wait’ll they discover that the $100 annual cost of stopping global warming, which is the figure polls show is the average expectation of voters, is actually going to amount to $10,000, or more. And imagine the wailing and gnashing of teeth that will arise from the People’s Republic when they discover that confiscating all the billionaires’ money, Hollywood and Silicon Valley combined, won’t suffice, either.

It all reminds me of that old bit of wedding wisdom: “He got married and discovered true happiness, but by then, of course, it was too late”.