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As with any excise tax, the amount of revenue a weed tax could generate is a function of four big things: The tax rate, supply, demand, and price.
FORBES: Dude, Would Legalizing And Taxing Weed Solve Our Budget Woes?
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The purity of the supply and demand equation in the muni market and its resulting reflection on interest rate levels is where the wheat will be separated from the chaff and what investors need to embrace as their new bellwether.
FORBES: Move Over Treasuries, Muni Bonds Are The New Bellwether
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It may come as a shock to some, but just like everything else in a free market, interest rate levels are best determined by the freely interacting forces of supply and demand.
FORBES: Fed Pledge Let's You Know The Fix Is In
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The rate was low amid resilient leasing demand and the absence of new supply, the real estate consultancy said.
FORBES: Colliers Report May Bolster Chinese Billionaire Couple's Soho Buyback Plan
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Instead it's a suggestion that rather than attempting to divine the market rate for cash, the Fed should float the funds rate that it sets so that market forces can equalize the supply of and demand for credit.
FORBES: Magazine Article