According to the most comprehensive investigations, the US spends nearly $50 billion per year on the war on drugs---including about $34 billion annually at the state and local level for police, courts and incarceration. By contrast, it is estimated that were drugs to be legalized and taxed at the same average rate across the country as alcohol and tobacco, the revenue yield would be about $50 billion to the positive side of the ledger.
How To Drain The Swamp, Part 2: End The Failed War On Drugs
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.