California's Shadow Economy the Source of $1.4 billion?


Sometimes the stupidity of people is so thick there's no way to penetrate it. But maybe I'm off base, maybe it's not even stupidity as much as it is clinging tightly to a paradigm and never letting go. Whatever it is the problem is starting to impede evolution and progress and it's starting to get pathetic.
Everyone knows California is currently in the midst of a budget crisis of epic proportions in dire need of new sources of tax revenue necessary to patch the holes that will keep the sinking state government afloat. But voters couldn't stand to be taxed any further in order to solve the problem.
A couple of years ago the LA Times had an article about California's "shadow economy" If I'm correct it was sometime in the summer of 1999 when it was published. I couldn't find the article anywhere free online but i did come up with this:  http://www.guardian.co.uk/world/2003/may/02/usa.duncancampbell1 -
The california Tax board estimates that taxing Marijuana could generate 1.4 billion dollars in annual revenue.
I think I see a solution to California's budget problems.
 
 
 
 
 
http://www.mcclatchydc.com/256/story/71927.html