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To: USFRIENDINVICTORIA
I agree with your points, but I haven't predicted a price. I'm just saying that right now, enough people are willing to pay $300/oz and up to generate billions in sales.
71 posted on 08/23/2014 4:19:02 PM PDT by Ken H
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To: Ken H

You’re right — I just inferred that you were predicting a high price.

IMHO, the price will be what the government says it is, because most of the price will be taxes. That’s pretty much how it works for tobacco and most alcohol. Governments will consider several things, including:
* the effect on the black market;
* discouraging overuse; and
* maximizing profits (tax revenue).

The higher the taxes — the more competitive the black market becomes. The lower the taxes, the more likely people are to overuse. Maximizing tax revenue requires a balance between sales volume, and taxes per unit.


72 posted on 08/23/2014 4:33:38 PM PDT by USFRIENDINVICTORIA
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