The Emperor Wears No Clothes

by Jack Herer

Spin-Off Trades & Taxes

Biochemical resources obtained from hemp can be used in literally tens of thousands of products from paint to dynamite. Each application means new business opportunities and new jobs.

As each new hemp trade develops, money will flow from it to re-energize seemingly unrelated areas of the economy. The American worker and soon-to-be-rich entrepreneurs will bring millions of new jobs and new products to the marketplace.

The will also buy millions of homes, cars and other non-hemp goods – or will they be hemp also? – thus stimulating a real economic expansion based on the “ripple-out” effect, rather than former President Reagan’s voodoo “trickle-down” economics which, in fact, pumped money directly into the bloodstream of corporate America rather than benefitting America’s heartland.

Revived farms mean more purchases of equipment and each new business creates spinoff jobs in the shipping, marketing and commodities areas.

Farms, banks and investment houses would also realize large profits, and the billions of hemp-dollars in the legitimate economy would incrase tax revenues and increase the liquid capital available for investment and purchasing of consumer goods.

Federal, state and local governments would realize a windfall of hundreds of millions of dollars in tax revenues without raising taxes or insanely continuing to poison the earth.*

* If the marijuana market were legal, state and federal goverments would collect billions of dollars annually,” said Ethan Nadelmann, former assistant professor of politics at Princeton University (who is now in 1998 director of The Lindesmith Foundation).

“Instead, they expend billions in what amounts to a subsidy of organized criminals.” (L.A. Times, Nov. 20, 1989, pg. A-18.)

George Soros’ Lindesmith Foundation is supporting many of the medical marijuana and relegalization state initiatives currently going on around the United States.

In fact, the Lindesmith Foundation financially supported Dennis Peron’s medical marijuana initiative (Proposition 215) in California, that passed in 1996.

In 1997-98, Soros funded medical marijuana initiatives in such states as Washington, Oregon, Washington, D.C., Maine and Colorado, and helped fund the referendum that was successful in stopping Oregon’s legislature and governor from re-criminalizing cannabis in June 1997.