TV News LIES

Sunday, Aug 20th

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 Job Approval Rating Now at 34%, New Low

Trump sad over low ratingsPresident Donald Trump's job approval rating in Gallup Daily tracking is at 34% for the three-day...

Fox News Suspends Eric Bolling After Sex-Harassment Accusations Disclosed

Eric Volling suspended for lewd photosFox News Channel suspended Eric Bolling, a host and contributor whose on-air presence at the 21st...

Trump White House weighs unprecedented plan to privatize much of the war in Afghanistan

Plan to privatize war in AfghanistanThe White House is actively considering a bold plan to turn over a big chunk of...

DOJ warns the media could be targeted in crackdown on leaks

DOJ warns media about leaksAttorney General Jeff Sessions on Friday announced a government-wide crackdown on leakers, which will include a...
 
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!