I find it quite entertaining that you've read a book about the drug trade written by economists and now you are an expert. How many drug dealers do you know?
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Originally Posted by jimmyjude
Well first the problem with your argument is that you would have to somehow establish that that assertion is true. The second problem then is that you would have to demonstrate that it matters anyways.
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It does matter. In your argument you are saying that the drug trade is a "corporation" with the CEO making all the money. In my argument, most drug dealers are a "sole proprietorship" where the money isn't split among many people.
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Otherwise as Leavitt and Dubner point out, and the DOJ confirms how come so many of drug dealers are dirt poor at the end of the day?
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I would like to see your statistic from the DOJ. But, all I am saying is there is the potential to make amazing profits. But if you are smoking up your own stash, or buying $2000 rims for your escalade or other forms of material wealth how much money do you think you'll have left at the end of the day. We live in the "MTV, hip hop age" where money is spent freely and flaunted as such. Cristal? I never claimed that drug dealers are investment savvy.
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If you could "double your money" then more people would be rushing in to capture that windfall, simple econ 101.
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Simple econ 101 if you don't mind running the risk of doing hard time. Plenty of people do sieze the opportunity, but most people have moral or ethical and at least legal apprehension.
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"Make it yourself"? What in Colombia or Peru?
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Once again proving that you learned all you know about drugs from two economists. You can make crack in your coffee pot.
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There is no doubt that a very small minority of people can acquire wealth in the drug trade.
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I disagree with the very small minority part of this statement, but the operative words are CAN ACQUIRE wealth. Doesn't mean they do, only that they can. Most drug dealers are not college graduates or even high school for that matter. Success usually requires a certain level of intelligence, no?
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What is funny to me is that people like you make this argument in total ignorance.
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Ha ha, which one are you the pot or the kettle?
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If this was soooo lucrative where are ALL of the millionaire drug dealers?
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In jail perhaps? Maybe spent all their money on material goods? Maybe they smoked their profits? Or maybe, if they were smart enough with their money to make a million dollars and smart enough not to get caught, is it an outrageous theory that they were smart enough to elude the great JimmyJude, Dr. Economy/drug czar?
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Are you pulling these numbers out of your ass?
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Okay. An 8 ball is an 8th of an ounce or 3 1/2 grams. The going price (at least where I'm at) is $150 for an 8 ball of cocaine. You can sell a 1/4 gram for $25. You figure out the math economics man? $350 on an 8 ball. Now if you cook your cocaine into crack, you take one part cocaine, one part cut and water. Still with me? You just doubled the amount of your product. Now you have a 1/4 ounce, now you're up to $700 on a 150 dollar investment.
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If I am a supplier of drugs (the wholesaler) why would I sell to the street level guy at 500
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Who's ignorant now? Why doesn't the farmer just sell his vegetables at supermarket prices? Because he wants to sell in bulk and to get his money up front instead of piecing it out to the consumer. Plus in the drug trade, unlike agriculture, dealers have to worry about the law. Dealing to street level users increases the risk of getting caught. Selling it to a few trusted acquaintences at a bulk price turns the product over quickly and relatively safely.
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At 400% profit many more dealers would come to my cocaine warehouse. Instead of charging 500 I would charge 1995
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It's so cute when you call others ignorant. Drugs are not used car lots where anyone can come in and buy. You better know somebody.
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The "labor" wouldn't have any choice but to accept the terms that I set
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You're right, except getting back to the econ 101 that you seem so fond of, competition. This isn't Microsoft, it's not a monopoly. If you quadruple prices at the "wholesale" level, someone else will eventually take your business.
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So where are all these rich street level drug dealers?
Why, as they point out in Freakonomics, are they living at home with their mommies?
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Once again, Freakonomics is not the be all, end all gospel of the drug trade. They did one chapter talking about a gang selling drugs. Not individuals. It's the difference between being the employee and the employer.
Many drug dealers live with their mommies, because they are underage. Especially in the gang scenario that you believe to be representative of all drug trade, gangs will use underage people to sell because their generally aren't exposed to the full extent of the law as an adult. A year or two in Juvenile hall and then they are back on the streets selling drugs again. Instead of a felony charge landing them in prison.
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Why are they sentenced to prison because they are forced to use the public defender's office?
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Hmmm...could it be that when someone is busted for trafficking cocaine (or other drugs) the police can sieze all assets that cannot be accounted for legally. If you cannot show where the money came from to buy your house, car or whatever, they take it. Any cash assets or banking accounts are siezed. Kind of makes it tough to afford top dollar representation. Can you please call me ignorant again?
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You argument is completely wrong and totally ignores all the available evidence.
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Because Freakonomics is "all the available evidence"?
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why should Cosby form HIS arguments only after checking with someone as ignorant as you?
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Bill Cosby can do whatever the hell he wants to do. Bill is correct that parents should urge their kids to not sell drugs. When you tell kids that there is more monetary potential as a McDonalds manager than selling drugs, what happens when they find out you were wrong. When their friends are buying nice things, driving nicer cars than their boss, what do you think will happen then?
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Whatever fallacious argument man.
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Yes, because my arguments are so deceptive. George Bush would never lie to us, right? He is the epitome of truth. The only lies greater than the ones this administration has told us is the ones you tell yourself.
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Here you demonstrate your complete ignorance again.
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I like your personal attacks they are so creative. Ignorant, ignorant, retard, stupid libbies, loony left, ignorant, ignorant.
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Marijuana because it is illegal IS a gateway drug.
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Marijuana is the most easily accessible illegal drug. Wouldn't it stand to reason that people who would shoot heroin would almost have to start with marijuana? So does that mean then that because they smoked marijuana they started using harder drugs? According to John P. Morgan, M.D. and Lynn Zimmer, Ph.D.
"It is hardly a revelation that people who use one of the least popular drugs are likely to use the more popular ones -- not only marijuana, but also alcohol and tobacco cigarettes. The obvious statistic not publicized by CASA is that most marijuana users -- 83 percent -- never use cocaine. Indeed, for the nearly 70 million Americans who have tried marijuana, it is clearly a "terminus" rather than a "gateway" drug."
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It isn't like marijuana smokers are some sort of angels. Most potheads are assholes.
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I never claimed that pot smokers are angels. As far as your "most potheads are assholes", while I do love your stereotyping, I think that that is more of a case of what psychiatrists call projection.
Why don't you back that up?
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So you admit that it is a gateway drug in the next sentence, what a retard.
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You're funny. But not like a ha ha kind of funny. While your reading skills are apparently adequate, your comprehension skills definitely need work. 83% of drug users don't go on to use other drugs. Your little gateway theory is nothing more than twisting facts to suit an argument.
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The caffeine argument is stupid. Alcohol might be an easier case to make, but since the 7/11 doesn't also sell cocaine it really does fail.
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Right, because as long as you can buy it over the counter it's okay. You just make ridiculous arguments. Using your gateway theory, you can't get alcohol and cocaine in the same stop so there is no correlation. Aren't you a republican all about personal responsibility? How then can you blame a plant for people's decisions? It's a contradiction, oh wait you are one of these Bill O'Reilly republicans. Nevermind, contradiction is commonplace.
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But then we don't let 18 year olds drink.
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Right, because 18 year olds can't get alcohol in this country. What planet do you live on?
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Do drug dealers have any compunction in not selling a 18 year old pot?
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Drugs are illegal, therefore unsubject to laws of morality and ethics. Something that parents should talk to their kids about, the point that I made in the first place. But apparently just telling your kids to go be a McDonalds manager is the answer to keeping kids from selling drugs.
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They do say that, but obviously you are either too stoned or too stupid to know that.
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Really? If they do, good for them but I have been all over many anti-drug sites and have seen nothing about that. Only that pot is bad for your health and you'll be doing hard drugs blowing people behind a dumpster for your next fix. If you are the definition of sober and smart, I will gladly be too stoned and too stupid proudly.