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It's true, we've bungled this in the past. Personally, I think animal populations are presently well maintained in Colorado, including our big cats.
I shared the ballot issue because it's an example of Democrats causing more expense to the government with no real effect on the moral aspect of the issue they were fighting for.
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Why is it not a moral issue?
Think the argument is that from a conservation perspective it's better the state to hold the responsibility as it's generally centrally and democratically accountable – in terms of there is a clearer line of sight on policy and action/intervention. In my mind thats better than relying on civillians who are pretty much purely motivated by taking part in the blood sport rather than anything else.
Yes, letting civillian hunters trophy hunt just because there is incidental species population control is famously a very good idea, particularly in north america, and has no catastrophic precedents.
https://en.wikipedia.org/wiki/American_bison#Population_bottleneck_and_near_extinction
https://en.wikipedia.org/wiki/List_of_North_American_animals_extinct_in_the_Holocene