Monthly Archives: August 2016

Or the other way around

Case in point

Case in point

Legal pot is making the poor lazy and shiftless, claims the NYPost. Isn’t it just as likely; more likely, that lazy, shiftless people tend to be poor and unemployed, and smoking dope all day is a symptom, not the cause of their character deficiencies? If the author is right, then the problem will soon self-correct, and the educated, successful pot smokers will soon be driven down the social scale to join their lessers, and equality will reign. I don’t think that’s going to happen.

The effects of these new laws have been immediate. One study, which collected data from 2011-12 and 2012-13 showed a 22 percent increase in monthly use in Colorado. The percentage of people there who used daily or almost daily also went up.

But legalization and our growing cultural acceptance of marijuana have disproportionately affected one group in particular: the lower class.

A recent study by Steven Davenport of RAND and Jonathan Caulkins of Carnegie Mellon notes that “despite the popular stereotype of marijuana users as well-off and well-educated . . . they lag behind national averages” on both income and schooling.

For instance, people who have a household income of less than $20,000 a year comprise 19 percent of the population but make up 28 percent of marijuana users. And even though those who earn more than $75,000 make up 33 percent of the population, 25 percent of them are marijuana users. Having more education also seems to make it less likely that you are a user. College graduates make up 27 percent of the population but only 19 percent of marijuana users.

Comments Off on Or the other way around

Filed under Uncategorized

I wonder whether Dannel wondered about this when he visited the place with Obama last year and then raised our income tax?

Say goodbye to all that, Dannel

Say goodbye to all that, Dannel

Paul Tudor Jones announces the firing of 15% of his workforce – aprox. 60 people – as earnings drop, capital withdrawals grow. Jones himself is gone from Connecticut, having bought a $71 million homestead in Florida last year, but so far as I know, Tudor Investment’s headquarters are still up on King Street, and presumably some of the sixty employees he’s letting go are residents and taxpayers of our state.

Billionaire Paul Tudor Jones dismissed about 15 percent of the workforce at his Tudor Investment Corp. after losses and investor withdrawals at the $11 billion hedge fund, according to three people with knowledge of the matter.

Tudor earlier Tuesday informed the affected employees, which include positions ranging from money managers to support staff, said the people, who asked not to be identified because the firm is private. Tudor employed 409 people, about half in investing roles, according to a March regulatory filing.

Comments Off on I wonder whether Dannel wondered about this when he visited the place with Obama last year and then raised our income tax?

Filed under Uncategorized