Skip to main content

Hundreds Of Economists Agree Marijuana Legalization Could Save US Taxpayers $13.7 Billion Per Year


Marijuana prohibition currently costs taxpayers billions of dollars a year to enforce, and it accomplishes little or nothing beneficial in terms of economic benefits. On the contrary, legalizing marijuana would not only save taxpayers billions of dollars a year in unnecessary costs, but it would also jumpstart the economy to the tune of $100 billion a year or more, say some economists. In an open letter written to the President, Congress, State Governors, and State Legislators, more than 550 economists, including several nobel laureates, draw attention to a report authored by Professor Jeffrey A. Miron that highlights the potential economic benefits of marijuana decriminalization. EntitledThe Budgetary Implications of Marijuana Prohibition, the report states that legalizing, taxing, and regulating marijuana would do wonders to reduce inflated budgets and generate new revenue streams.
Read the rest here
Money Trends Research 

Judy Morris,
Blogger, THL
Articles | Website
Labels:

Popular posts from this blog

Tax Bill Is Beginning of Formal Debt Criminalization

The noose is tightening on liberty. The United States Congress is steadily headed to a place where those who owe money to the US government shall be treated criminally. This phenomenon is advancing domestically and now, increasingly, internationally. The first shot in this latest campaign took place in 2010 when US President Barack Obama signed into law The Foreign Account Tax Compliance Act. It demanded, basically, that foreign banks withhold up to 30 percent of the income that an American abroad might earn. This bill isn't working so well because overseas banks are not cooperating (a state of affairs that was certainly expected). Thus, there is a need for something else: Senate Bill 1813, recently introduced by Senator Barbara Boxer (D-CA). This bill, in part, states that taxpayers with unpaid taxes over US$50,000 may find their passports confiscated. This isn't criminal per se, but the IRS has recently made noises about "sharing" information with police a...
Read more

Thomas Sowell Returns

By: Thomas Winslow Hazlett Reason
Read more

How To Cripple The Real Estate Market In Five Easy Steps

If the government and the banks had just allowed real estate prices drop to market equilibrium, we'd be out of this mess and housing would truly be affordable. But the government is determined to artificially prop up housing prices, whatever the cost to the economy. If you were head of Central Planning (howdy, Ben!) and were tasked with crippling the real estate market, here's what you would recommend. Choke the market and banking sector with zombie banks... Have the central bank (the Federal Reserve) buy up $1 trillion in toxic, impaired mortgages... Lower the rate that banks can borrow from the Fed to zero, and then pay the banks interest on all funds deposited at the Fed... Try to prop up the housing market by giving poor credit risk buyers loans with only 3% down... Load young people up with the equivalent of a mortgage in student loans... OK,let's see how our Organs of Central Planning are doing: check, check, check, check, check: a perfect score! they're...
Read more
–––As Featured On–––