TV News LIES

Sunday, Jul 05th

Last update07:04:58 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...


Episcopal church votes to divest from fossil fuels: 'This is a moral issue'

Episcopal church to divest from fossil fuelThe leadership of the Episcopal church has voted to withdraw from fossil fuel holdings as a...

22 Alabama Counties Refuse Gay Marriages

Alabama coutnies defy gay marriage rightsNearly one-third of Alabama counties on Monday were not issuing marriage licenses to gay couples, or...

Misty Copeland attains American Ballet Theater's highest rank in historic first

Misty CopelandAmerican ballerina Misty Copeland has made history as the first black female principal dancer at the...

Palestinian prisoner on hunger strike 'to be released'

Palestinian prisoner to be releasedHunger-striking Palestinian prisoner, Khader Adnan, will be released in two weeks from Israeli prison, his legal...
 
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!