TV News LIES

Sunday, Jul 24th

Last update05:20:13 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...


Edward Snowden designs iPhone case to stop government surveillance

snowden's phone caseNational Security Agency whistleblower Edward Snowden continued his crusade against government surveillance on Thursday, revealing the...

Amid police shootings, Army "serious" about tackling anger among combat vets

Army angerThis month's shooting deaths of police in Baton Rouge and Dallas by former service members who...

Trump’s NATO Skepticism Raises Alarm for Allies Near Russia

NATO threatened by Trump planRepublican presidential nominee Donald Trump sent alarm rippling through Eastern Europe after he said the U.S....

Philippine president's drug war 'spiraling out of control'

Duterte kills 100 suspected drug dealerssPresident Rodrigo Duterte’s war on drugs is spiraling out of control, a top human rights lawyer...
 
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!