All right, tell you what, I'll meet you in the middle. Neither should be a scheduled substance (except with respect to regulation to prevent minors from getting at it, etc.).
My point was informed primarily by the overall harm of each drug. While I'm sure you may enjoy a glass of something now and then and are at little risk for falling into alcoholism and letting it control your life, not everyone can. Nobody's ever beaten their wife to death while stoned.
I'm not an alcohol drinker myself, aside from the very occasional treat. My grandfather was a not-well-controlled alcoholic, however, and that affected my father greatly, and that's informed, to a degree, my own attitudes on it. I've also personally seen a lot of stupid and harmful shit done under the influence of alcohol. But I'm not about to take it away from responsible users.
But let me grow a plant in my own private property if I want to.