FYS Blog #6

22 Nov

Bryce Lynn: Welcome to Talk 221 with Bryce Lynn I’m your host. Today’s topic at hand is the legalization of Marijuana we have to experts with us here today. Jeffery Miron author of “The Budgetary Implications of Marijuana Prohibition” and Roger Parloff author of “How Pot Became Legal”.  So both of you are for the legalization of Marijuana, Mr. Miron can you explain to me what you the benefits of legalizing this drug might be.

Jeffery Miron: Well without current economic situation we are in need of something to help boost our economy, it should be known that “If marijuana were legal, enforcement costs would be negligible and governments could levy taxes on the production and sale of marijuana. Thus, government expenditure would decline and tax revenue would increase”(2). This revenue is not just a small amount but rather a significant sum of cash. In fact according to my estimation “marijuana legalization would reduce government expenditure by $7.7 billion annually. Marijuana legalization would also generate tax revenue of $2.4 billion annually if marijuana were taxed like all other goods and $6.2 billion annually if marijuana were taxed at rates comparable to those on alcohol and tobacco” (3).

Bryce Lynn
: Really that much money, why aren’t we doing this already seeing how our economy is today. We certainly need some sort of change and this does not require some sort of tax or making a company spend more money to stay in the US. Rather we are just creating jobs in a market that has a high demand.  What about skeptics who say this will drastically change our country? Roger do you want to take this one?

Roger Parloff: Well it may have slight changes but most of the people that want to use the drug already have access to it. Similar to people going to speakeasies during alcohol prohibition, not only is it ineffective but it makes consumption much more dangerous. I believe that “President Obama’s understated pledge not to interfere with state medical marijuana laws potentially achieves for that intoxicant what the Twenty-First Amendment accomplished for beer, wine, and booze during the Great Depression.” This is why we may be very close to seeing the legalization we are following the same steps we did with alcohol. Also we are currently in the biggest recession since the Great Depression; there are just too many similarities for me not to think this a possibility.

(this only had paragraphs not page numbers.)

Bryce Lynn: Wow how incredible! I definitely agree with what you are saying. There is a lot of gang activity currently involved with marijuana due to it being illegal. If we fix this we can reduce drug wars and have a safer country. Also we are funding gangs that are smuggling the drugs from Mexico so the money doesn’t end up being spent on goods in the US. Well it looks like we are all out of time. It has been great to have you both!

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