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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (27437)	4/5/2008 1:45:43 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

Re: "Whenever a right is created it distorts markets." Correct. Re: "In this case I was talking about the original tobacco rights which Al Gore inherited from his father who got it from his daddy." Right. That's what I thought. (As I said, those original non-fungible quota allotments were BOUGHT OUT by the federal government some years back. That system no longer exists. Quota allotments may now be freely bought and sold by anyone - so no longer just hereditary rights, they are trade able - and the quotas themselves, along with the federal ban against growing tobacco somewhere without a quota allotment, is being phased-out. Maybe it's already totally gone, I'm not certain but, if not totally gone yet, it won't be long.) With the quota system dead, anyone who wants to will be able to plant tobacco anywhere they want to, no need for a 'quota' anymore, and there will also be no more federally guaranteed 'floor price' for tobacco.