TV News LIES

Sunday, Dec 04th

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...


Trump picks retired General ‘Mad Dog’ Mattis for secretary of defense

Trump picks Mad Dog Mattis for Sec. of DefenseDonald Trump intends to nominate Gen. James Mattis, one of the most respected military men of...

Winter closes in on refugees fleeing Iraq's Mosul

Winter closes in on Mosul refugeesPushing his way through dozens of people, Iraqi teacher Umar Salah carries four bags containing 15...

Hillary’s Popular Vote Lead Passes 2.5 Million

Hillary popular voteHillary Clinton’s lead in total votes over President-elect Donald Trump has reached 2,526,184 as ballots continue...

France arrests 5 in foiled Islamic State attack planned for next week

France attack plab foiledFive suspects were arrested in a foiled terror attack in France directed by the Islamic State...
 
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!