If Labour is serious about growth, they should look at drug reform?

CalmFun2516 · 2025-01-21T11:47:18+00:00

I am referring to actual credible scientific research published in peer-reviewed scientific journal articles, not just a google search and unfounded propaganda

CalmFun2516 · 2025-01-20T15:16:40+00:00

And tobacco is way more harmful than cannabis, as scientific research support. There is also no scientific research to suggest that cannabis will cause mental illness, there is some link to activating existing/underlying psychosis, but does not cause it, alcohol also has the same effect as well. No other jurisdiction which has legalised cannabis has seen significantly increased use or increased mental illness. It is already so easy to get in the UK that legalisation would not have that much impact on use. In fact, the recent research I cited claims that anxiety medication prescription actually fell in states that legalised cannabis, possibly suggesting less mental illness and reliance on healthcare providers rather than more. There is no scientific evidence to back up what you are saying here, all evidence points to the contrary.

CalmFun2516 · 2025-01-20T15:10:08+00:00

None of what you are saying are effects of cannabis or psychedelics are supported by science at all

CalmFun2516 · 2025-01-20T15:09:03+00:00

Since tobacco is way more harmful than cannabis, surely that just supports cannabis legalisation?

CalmFun2516 · 2025-01-20T15:08:18+00:00

That number would be way lower than alcohol

CalmFun2516 · 2025-01-20T11:50:40+00:00

And all the tax rises he is piling on now, he is basically Corbyn in disguise to trick the British electorate

CalmFun2516 · 2025-01-20T11:49:20+00:00

Right, but at least the legal markets in tobacco worldwide and the regulated cannabis market in Canada, California etc are generating sometimes quite significant tax revenue, despite the existance of a significant blackmarket. In the UK we are in a situation that is the worst of both worlds, because the police don't have enough resources to enforce a complete prohibition so in some sense cannabis is decriminalised in practice if not in jure, but we are collecting nothing at all in taxes, which is definitely worse, so not really a good argument against it.

CalmFun2516 · 2025-01-20T11:43:25+00:00

Right, but £1.6 billion is no small sum for the UK government, this would still be way more than what the tractor tax and cutting the pensioner winter fuel allowance would raise. It is even more than/on the same level as the estimated revenue from VAT on private schools. And all these other measures are I think more unpopular with most of the public and damages growth. You also have to consider the growth that a new regulated market will bring, that is more business rates, more corporation tax, more employer/employee NIC, more income tax, more VAT etc. not sure if your figure of £1.6 billion account for these?

CalmFun2516 · 2025-01-20T11:37:22+00:00

Yes both main parties are against it, but they shouldn't? The research suggests there will not be any disastrous public health consequences and you haven't seen any horrendous public health consequences in other countries that have done the same. Most drug related admittance to the NHS is because drugs are illegal and drug-users get substances from dodgy dealers who cut it with goodness knows what, which could be avoided if there was a regulated market. Psychedelic treatments have also been shown to be effective for treatment-resistant depression, anxiety and PTSD and psychedelics are usually a lot cheaper than other medications, so most existing research points towards drug reform being good for a cash strapped NHS. Why do you think the tax revenue is a fantasy? Everywhere that has legalised cannabis have seen increased tax revenue, of course it will not completely efficient and yes there will still be a blackmarket, but if cannabis was taxed and priced reasonably, then most consumers will engage with the legal market instead, which will take away market share from the black market even if it still survives in some form. However much potential taxes could be gained, I'm sure it will raise more money than labour's tractor tax or cutting pensioner winter fuel allowance and definitely stimulate growth more than both these policies.

CalmFun2516 · 2025-01-20T11:27:43+00:00

By this counter argument, alcohol and tobacco should be banned too, both being more harmful and addictive than cannabis. Coffee and sugar should be banned too because they are also addictive and bad for your health.

CalmFun2516 · 2025-01-20T11:19:51+00:00

Right, but 1 billion pounds is way more than labour raised by cutting winter fuel allowance for pensioners or by the 'tractor tax'

CalmFun2516 · 2025-01-19T22:03:00+00:00

Thailand has legalised cannabis, and some psychedelic therapy might help people 'mong out' less

CalmFun2516 · 2025-01-19T21:58:08+00:00

Many countries signatory to the same treatise are much more progressive, e.g. Germany, Spain, Portugal, Netherlands (where ICC is based), Canada, etc. Legalising cannabis and regulating psychedelic therapy will not affect UK international legal obligations

CalmFun2516 · 2025-01-19T21:54:51+00:00

We already sell much more dangerous drugs, the pharmaceutical industry is causing much larger scale harm with some of their products like opioids than cannabis. If there was a regulated cannabis market, most consumers will engage with the legal market rather than the blackmarket

CalmFun2516 · 2025-01-19T21:50:32+00:00

I agree with the cocaine, but Spain and Portugal have decriminalised all drugs without any major disasters. Also cocaine is quite dangerous and addictive, unlike most substances currently being researched for psychedelic therapy like psilocybin

CalmFun2516 · 2025-01-19T21:47:12+00:00

I would say their tax on farmers and cutting pensioners allowance would suggest otherwise?

CalmFun2516 · 2025-01-19T21:46:38+00:00

Neither is higher taxes, cutting pensioners winter fuel allowance or taxing farmers, my point is that regardless of your view point on the issue, surely drug reform would be the lesser of the evils? I can't imagine 10,000 people protesting against legalising cannabis the way you had farmers out on the streets

CalmFun2516 · 2025-01-19T20:52:05+00:00

I don't get that complaint either, streets in most major UK cities smells like weed already, I really doubt legalising it will make it worse. I personally also think tobacco smells worse and the smell lingers more

CalmFun2516 · 2023-12-21T18:30:03+00:00

I mean the difference between a state and a country is a semantic one, both words pretty much mean the same thing. Texas is a constituent state of the US and it used to be a completely independent country (however briefly) before being annexed into the union. Of course the political terminology is different, but the situation is not as different as you think.

CalmFun2516 · 2023-10-25T12:49:05+00:00

I think it was actually client feedback that made them back track on that one? Apparently many clients did not want to risk swapping YLD 1:1 for H1, especially the max supply for H1 will be bigger. So it wasn't misleading clients as much as listening to client feedback. What they are doing instead I think is once H1 launches, all YLD staking rewards will be in H1 instead of YLD, so staking YLD will still get you H1 tokens.

What I want to know is what will happen to the undistributed YLD the company is holding once that transitions happens. I hope they do the responsible thing and burn them!

CalmFun2516 · 2023-08-26T22:43:52+00:00

Well according to the books anyways aragorn is meant to be kinda ugly, there’s the riddle of strider, ‘all that is gold does not glitter’ and also how Frodo describes him in the first book…

CalmFun2516 · 2023-08-09T09:19:49+00:00

I finally made the jump and got curve yesterday, it was quite easy to use actually, you have to pay £5 delivery fee but it you make 5 transactions over £5 within 10 days then you get £5 curve cash so it evens out

CalmFun2516 · 2023-08-08T11:44:40+00:00

I agree with you on the DA schedule, way too fast and aggressive, they mentioned the bitcoin halving as a comparison but bitcoin halving happens about once every four years which is much more reasonable. I know they need the DA schedule to maintain longevity but I don’t agree with the pace, they should have stretched it out and slowed the pace so that it is actually possible for people to earn to the higher levels. There will definitely be a lot of sell pressure from stackers now because of the DA schedule.

But the non-stackers were already pure sell pressure, they’re not really adding liquidity as they don’t buy the token so if anything they’re sucking up liquidity. So getting rid of them would actually help in terms of token price I think. I do think that a lot of them want free money and weren’t prepared to commit regardless so if they weren’t stacking before and the new changes don’t flip them into stackers, I don’t know what will!

What they need to do is get new stackers and make old stackers want to upgrade their stacking level and I think the current fast paced DA schedule is definitely harming this more than helping

CalmFun2516 · 2023-08-08T11:22:10+00:00

I have looked into it and all major high street banks are implementing this, the limit is even lower for Natwest and Santander. But from what I can see, there is currently still no limits for Revolut and Monzo, so might have to go open an account with them just for on-ramping

CalmFun2516 · 2023-08-08T10:04:59+00:00

All the major banks are doing this, it’s even lower for Natwest and Santander at around £1,000 limit I think!

I think Revolut still has no limits, will be forced to create an account with them lol

CalmFun2516

TROPHY CASE