In the Washington Post, two police officers make the case that it’s time to legalize and regulate street drugs. Why? To quit squandering tax dollars, to quit filling prisons with people who don’t belong there and to protect neighborhoods and police officers.
Only after years of witnessing the ineffectiveness of drug policies — and the disproportionate impact the drug war has on young black men — have we and other police officers begun to question the system . . . Drug manufacturing and distribution is too dangerous to remain in the hands of unregulated criminals. Drug distribution needs to be the combined responsibility of doctors, the government, and a legal and regulated free market. This simple step would quickly eliminate the greatest threat of violence: street-corner drug dealing.
Here’s the “money” quote:
Harvard economist Jeffrey Miron estimates that ending the drug war would save $44 billion annually, with taxes bringing in an additional $33 billion.