New Cato Report #drugpolicy

Wednesday, September 29, 2010 | |

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Friends:

For your information, Cato has just released a new report by Harvard economist Jeff Miron titled "The Budgetary Impact of Ending Drug Prohibition." Since federal and state policymakers are in a financial jam, this report will supply them with information on how they can end a disastrous drug policy and save money to boot. Voting against the drug war remains a risky vote for the politicians (though increasingly less so) but the climate is such that more and more of them are concluding that it is a less painful vote than raising taxes for cutting other things the government spends money on!

Some quick figures: if the drug war ended, taxpayers could save about 88 billion per year (41 from canceled spending and 47 in new tax revenue). If California votes to legalize marijuana, it will improve its financial picture by about one billion per year.

Here is the full study:
http://www.cato.org/pub_display.php?pub_id=12169

Consider forwarding it to bloggers, local newspaper editorial boards, governors and state legislators -- espec the pols who deal with budget matters.

Thanks

Tim Lynch

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