To the People

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or TO THE PEOPLE.

Wednesday, January 23, 2008

Dear Bush, Bernanke and Congress,

I have heard the news that you plan to release an economic stimulus package that entails giving each American taxpayer a lump sum payment of, tentatively, $800 per person.

Therefore, I feel compelled to disclose that I plan to spend my "stimulus" payment primarily on marijuana, with the remainder going towards a beer chaser and cigarettes. Likely there are many Americans, young and old, who plan to spend their checks in a similar manner.

I hope you realize that your policies on drugs, alcohol and tobacco will mostly likely prevent such expenditures from stimulating the economy whatsoever. For instance, the marijuana I plan to buy is inflated in cost due to the risks involved in growing, transporting and selling it in the black market. So instead of my "rebate" being injected back into the economy, most of it will end up in the pockets of various levels of dealers who don't pay taxes on drug income, likely don't invest in the market, and will probably spend the money in a way of which you wouldn't approve.

The remainder, which I will spend on beer and cigarettes, will indeed go into the economy. But since these industries are taxed so heavily in the name of "public health," you'll probably be taking back a good chuck of this sum anyway. If the money is - at least in part - going right back into your hands regardless, then why bother with the lump sum payout to me in the first place?

I realize that my economic rationale in this letter may not be flawless. But I do sincerely believe that it's better than all of yours. I have been waiting, but so far left wanting, for an explanation of exactly how sending just a small part of the taxes we pay back to us is going to stimulate the economy at all. Please feel free to explain your rationale in the comments section of this post.

Sincerely,
Nate

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