California to legalize weed? Why not?

Ok I know this may stun some of you but when it comes to issues such as drug legislation I lean libertarian, some would say even (gasp) liberal but I perfer libertarian. It's the only thing out there that I think should be taxed massively and no I'm NOT talking about prescription drugs I'm talking the street stuff. I would be all for legalization of marijuana and possibly looking into some other hard drugs. Here's the beauty of CA's legislation, they would just put on I believe a $50 per ounce tax per unit sold, of course regulating this could be a bitch and cause more government but I figure the DEA's pot arm can go from busting people to regulating them, not to mention all the sentences that would be commuted. To think in the future the only way a pot dealer gets dragged in front of a judge is for tax evasion not ownership with intent to sell an illegal substance. Talk about irony. And I didn't even know this but apparently dope is CA's #1 cash crop as pointed out below

Marijuana is California's largest cash crop. It's valued at $14 billion annually, or nearly twice the value of the state's grape and vegetable crops combined, according to government statistics. Indeed, a recent report pegged marijuana as two-thirds of the economy of Mendocino County, a ganja hotbed north of San Francisco. That's not surprising—it costs $400 to grow a pound of pot that can sell for $6,000 on the street.

you can find the rest of that article here and all you have to do is google "California to try to legalize pot in 2009" and you'll get about 928,000 hits. People we have a national debt that for all practical purposes is anywhere between $10-30 trillion depending on what numbers you want to believe. Tobacco and alcohol are legal and marijuana was until 1937. Alcohol was banned in 1920 (I think?) and then that act was repealed about 15 years later. 72 years after marijuana was made illegal by the feds has the problem gotten better or worse? For all you D.A.R.E turds out there get a fucking clue, kids will smoke drink and do weed if they REALLY want to, the best thing to do is inform them so they know how to deal with it and the long-term consequences. But just like with sex, NO MATTER WHAT YOU DO SOME KIDS WILL TRY IT, YOU CANNOT STOP THE CURIOSITY OF PRETEENS AND TEENS IN THIS COUNTRY (and world for that matter). This goes as much to MADD as it does to the idiots on my side who still believe the "war on drugs" is worth fighting. Face it people we lost, and if you can't beat em join em. Lord knows we need the tax revenue, and whose to say we can't add another 100% tax on to the stuff every 2-3 years. By then there could be huge companies maunfacturing the stuff and it could be sold in stores right along side those evil, evil, tobacco products. I know there is a slippery slope arguement to be made here but I don't give a fuck. Besides what happened to personal responsibilty? Governments job is not to protect you from yourself despite what some politicians may tell you.
We could balance the budget by 2035-2040 if this passes and is put to good use. The Obama administration even took the first step today by stopping federal drug raids of known pot houses, they are leaving it up to the states. After fucking our economy over along with me and my kids its nice to see them do SOMETHING right for once.