TV News LIES

Sunday, Nov 23rd

Last update06:52:34 AM GMT

You are here News Of Special Interest Over 300 Economists Agree: It’s Time to Legalize Marijuana

Over 300 Economists Agree: It’s Time to Legalize Marijuana

E-mail Print PDF

Over 300 economists have signed on to an open letter to the President, Congress, Governors, and State Legislators asking them to allow this “country to commence an open and honest debate about marijuana prohibition.” The petition states that the undersigned “believe such a debate will favor a regime in which marijuana is legal but taxed and regulated like other goods.”

We, the undersigned, call your attention to the attached report by Professor Jeffrey A. Miron, The Budgetary Implications of Marijuana Prohibition. The report shows that marijuana legalization — replacing prohibition with a system of taxation and regulation — would save $7.7 billion per year in state and federal expenditures on prohibition enforcement and produce tax revenues of at least $2.4 billion annually if marijuana were taxed like most consumer goods. If, however, marijuana were taxed similarly to alcohol or tobacco, it might generate as much as $6.2 billion annually.

The fact that marijuana prohibition has these budgetary impacts does not by itself mean prohibition is bad policy. Existing evidence, however, suggests prohibition has minimal benefits and may itself cause substantial harm.

More...


Most Recent Related Stories...


The Never-Ending Replay of November 22, 1963

JFK assassinationyear ago this week, no one could escape the wall-to-wall coverage of the Kennedy assassination’s 50th...

Rights groups release software to detect government spyware

Spying shieldHuman rights group Amnesty International released free software on Thursday that allows users to determine if...

Toyota Lexus to recall some 2006-2011 models due to fuel leak

Toyota Lexus recallToyota Motor Corp (7203.T) will recall 422,509 of its luxury brand Lexus vehicles in the United...

Banking culture breeds dishonesty, scientific study finds

banking indusstryA banking culture that implicitly puts financial gain above all else fuels greed and dishonesty and...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!