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10-06-2010, 04:47 PM #3OPJunior Member
Colorado Gubernatorial Candidates Debate
Originally Posted by rightwinger
Harvard economics professor Jeffrey Miron, among others who tend to study all sides of this issue (unlike politicians), says all drugs should be legalized "Pot, cocaine, LSD, crystal-meth --- you name it." I personally hate those drugs but as a true fiscal free-market conservative, I understand how we would save tens of billions of $ every YEAR! in stupid enforcement of prohibition. Miron has the figure @ $41.3 billion. "Of these savings, $25.7 billion would accrue to state and local governments, while $15.6 billion would accrue to the federal government," Miron claims in a recent Cato Institute report he co-authored.
"The report also estimates that drug legalization would yield tax revenue of $46.7 billion annually, assuming legal drugs were taxed at rates comparable to those on alcohol and tobacco. Approximately $8.7 billion of this revenue would result from legalization of marijuana and $38.0 billion from legalization of other drugs."
But won't we become a nation of drug addicts?
No, says Miron. Walk down any city street and you can already buy legal drugs in multiple establishments: Caffeine at Starbucks, nicotine at the supermarket, alcohol at bars and restaurants. And we're not ALL addicted to all of these drugs.
Our current drug policy doesn't work, Miron observes. Despite ~$40 billion spent on enforcement and prosecution, drug use is still widespread. Meanwhile, because the products are illegal, they're dangerous, low-quality, and unregulated, and they generate zero tax revenue.
Legalizing drugs would solve those problems, Miron says. It would help close the budget deficit. And it would eliminate a bizarre double standard, in which Americans are encouraged to drink and smoke themselves to death -- while guzzling addictive coffee and tea -- but become criminals if they dare to get stoned.
Cannabis should at least be a no-brainer to become legal and to become an asset vs. a liability in our out of control government spending, specifically in this sector. Yes, I agree w/ you RightWinger. It would be nice if we had a governor in office that agreed with legalization.....actually we can't afford not to. Time is money and politicians are killing us by dragging their feet on not stopping waste and taking too long to liberate what should have never been prohibited in the first place.
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