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300 Economists agree -- Pot Legalization could save U.S. up to $13.7 billion per year

 
Rockarchy
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04/17/2012 04:06 PM
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300 Economists agree -- Pot Legalization could save U.S. up to $13.7 billion per year
Your plans to celebrate 4/20 this Friday could actually make the government some money, if only such activities were legal. That’s according to a bunch of economists, and some prominent ones too.

More than 300 economists, including three nobel laureates, have signed a petition calling attention to the findings of a paper by Harvard economist Jeffrey Miron, which suggests that if the government legalized marijuana it would save $7.7 billion annually by not having to enforce the current prohibition on the drug. The report added that legalization would save an additional $6 billion per year if the government taxed marijuana at rates similar to alcohol and tobacco.

That's as much as $13.7 billion per year, but it's still minimal when compared to the federal deficit, which hit $1.5 trillion last year, according to the Congressional Budget Office.

While the economists don't directly call for pot legalization, the petition asks advocates on both sides to engage in an "open and honest debate" about the benefits of pot prohibition.

[link to www.huffingtonpost.com]




But will it ever be legalized? No way! Marijuana is REALLY BAD FOR YOU -- the government assures us.
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Rockarchy (OP)

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04/17/2012 04:11 PM
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Re: 300 Economists agree -- Pot Legalization could save U.S. up to $13.7 billion per year
At least deserves a

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Anonymous Coward
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04/17/2012 04:19 PM
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Re: 300 Economists agree -- Pot Legalization could save U.S. up to $13.7 billion per year
Your plans to celebrate 4/20 this Friday could actually make the government some money, if only such activities were legal. That’s according to a bunch of economists, and some prominent ones too.

More than 300 economists, including three nobel laureates, have signed a petition calling attention to the findings of a paper by Harvard economist Jeffrey Miron, which suggests that if the government legalized marijuana it would save $7.7 billion annually by not having to enforce the current prohibition on the drug. The report added that legalization would save an additional $6 billion per year if the government taxed marijuana at rates similar to alcohol and tobacco.

That's as much as $13.7 billion per year, but it's still minimal when compared to the federal deficit, which hit $1.5 trillion last year, according to the Congressional Budget Office.

While the economists don't directly call for pot legalization, the petition asks advocates on both sides to engage in an "open and honest debate" about the benefits of pot prohibition.

[link to www.huffingtonpost.com]


It would save countless more money. 80% of the people in prison are in there for drug possession.


It's like this in some states. Get caught with Weed go to jail for 8 years. Molest a little girl and go to jail for 2.

It's fucked up place this country is.

But will it ever be legalized? No way! Marijuana is REALLY BAD FOR YOU -- the government assures us.
 Quoting: Rockarchy
ReVbo™

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04/17/2012 04:23 PM
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Re: 300 Economists agree -- Pot Legalization could save U.S. up to $13.7 billion per year
It's gotta be way more than $13.7 billion, but whatever the number, DO IT YESTERDAY! What a waste of time and money this drug war is.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Rockarchy (OP)

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04/17/2012 05:50 PM
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Re: 300 Economists agree -- Pot Legalization could save U.S. up to $13.7 billion per year
It's gotta be way more than $13.7 billion, but whatever the number, DO IT YESTERDAY! What a waste of time and money this drug war is.
 Quoting: ReVbo™


Exactly, that number's probably the bare minimum of what could be saved from the legalization of pot -- yet there's too many assholes connected to big pharma and the government that's making way too much money off it being illegal..
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Rockarchy (OP)

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04/17/2012 05:54 PM
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Re: 300 Economists agree -- Pot Legalization could save U.S. up to $13.7 billion per year
Your plans to celebrate 4/20 this Friday could actually make the government some money, if only such activities were legal. That’s according to a bunch of economists, and some prominent ones too.

More than 300 economists, including three nobel laureates, have signed a petition calling attention to the findings of a paper by Harvard economist Jeffrey Miron, which suggests that if the government legalized marijuana it would save $7.7 billion annually by not having to enforce the current prohibition on the drug. The report added that legalization would save an additional $6 billion per year if the government taxed marijuana at rates similar to alcohol and tobacco.

That's as much as $13.7 billion per year, but it's still minimal when compared to the federal deficit, which hit $1.5 trillion last year, according to the Congressional Budget Office.

While the economists don't directly call for pot legalization, the petition asks advocates on both sides to engage in an "open and honest debate" about the benefits of pot prohibition.

[link to www.huffingtonpost.com]




But will it ever be legalized? No way! Marijuana is REALLY BAD FOR YOU -- the government assures us.
 Quoting: Rockarchy


It would save countless more money. 80% of the people in prison are in there for drug possession.


It's like this in some states. Get caught with Weed go to jail for 8 years. Molest a little girl and go to jail for 2.

It's fucked up place this country is.
 Quoting: Anonymous Coward 5616706


Yeah.. it's disgusting. A woman can be put in jail for 10 years for selling $31 worth of weed, yet there's head CEO's getting a slap on the wrist for laundering billions of dollars from tax fraud and other illegal methods.. Just makes you think that our judicial system is not fair and just -- but only there to ensure our slow, painful societal destruction through outrageous fines and penalties for doing things that should never have been illegalized in the first place...

Last Edited by Rockarchy on 04/17/2012 05:56 PM
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Rockarchy (OP)

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04/17/2012 06:14 PM
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Re: 300 Economists agree -- Pot Legalization could save U.S. up to $13.7 billion per year
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