Yeah, to a certain extent. The nice things about taxes is that they can be dialed up and down for effect. Complete, tax-free deregulation would obviously be crazy. 100% tax would pretty much be a ban and drive it all underground. Somewhere between 0 and 100, there’s an equilibrium point. Also, conflict of interest should be regulated. I don’t need police betting on how many gunshot victims there will be today.
won’t that still have the same effect of driving it underground though?
Yeah, to a certain extent. The nice things about taxes is that they can be dialed up and down for effect. Complete, tax-free deregulation would obviously be crazy. 100% tax would pretty much be a ban and drive it all underground. Somewhere between 0 and 100, there’s an equilibrium point. Also, conflict of interest should be regulated. I don’t need police betting on how many gunshot victims there will be today.