Colorado Pot Law: Just Another Excuse to Confiscate Wealth (VIDEO)Submitted by emalvini on Fri, 11/01/2013 - 10:03
Colorado Pot Law: Just Another Excuse to Confiscate Wealth (VIDEO)
By KRISTEN WYATT | Nov. 1, 2013 2:04 AM EDT
DENVER (AP) — A pro-pot jingle in Colorado last year went like this: "Jobs for our people/Money for schools/Who could ask for more?" Nearly a year after Colorado legalized recreational weed, voters get the chance to decide exactly how much more — in taxes.
On Tuesday, voters decide whether to approve a 15 percent pot excise tax to pay for school construction, plus an extra sales tax of 10 percent to fund marijuana enforcement.
Some pot activists are campaigning against the taxes, arguing that marijuana should be taxed like beer, which has a tax rate of 8 cents a gallon. They've handed out free joints at tax protests.