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Ramo
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Austin, Texas, USA
Oct 1999 time: 23:25
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Kid, you're making huge assumptions about the economics of drugs, such as the demand for drugs being relatively elastic and the demand function not significantly changing with legalization, and not providing any sort of empirical corroboration for your claims. All the evidence we have - from alcohol Prohibition in the US to the recent legalization and decriminalization experiments in Europe that suggest otherwise; that legalization doesn't lead to massive increase increases in drug use, and thus your assumptions are wrong.
But let's suppose that you're right.
Since drugs would be relatively elastic, if we legalize them and raise taxes on them high enough, consumption would also go down considerably. Not only that, we'd virtually eliminate the black market for drugs - markets with practically no protection for consumers, labor, competition, or innocent bystanders. We'd free hundreds of thousands of people from prisons and reduce the need for police considerably. As a consequence of that, we'd reduce gov't expenditures by countless billions. And we'd increase gov't revenues due to these excise taxes by a similarly huge amount. Further, some of this money could be spent on actually helping the poor drug addicts instead of locking them up. Doesn't that sound so much better than the draconian policies that our gov't is pushing?
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Kidicious
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Diety of Kidiverse
Mar 2003 time: 21:25
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quote: Originally posted by Ramo
Kid, you're making huge assumptions about the economics of drugs, such as the demand for drugs being relatively elastic and the demand function not significantly changing with legalization
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I didn't say the demand was elastic, but I don't believe the demand curve changes with legalization. That means that people want drugs because they are illegal, and I don't find that a reasonable assumption. And I don't really care about this that much to do research.
quote:
But let's suppose that you're right.
Since drugs would be relatively elastic, if we legalize them and raise taxes on them high enough, consumption would also go down considerably. Not only that, we'd virtually eliminate the black market for drugs - markets with practically no protection for consumers, labor, competition, or innocent bystanders. We'd free hundreds of thousands of people from prisons and reduce the need for police considerably. As a consequence of that, we'd reduce gov't expenditures by countless billions. And we'd increase gov't revenues due to these excise taxes by a similarly huge amount. Further, some of this money could be spent on actually helping the poor drug addicts instead of locking them up. Doesn't that sound so much better than the draconian policies that our gov't is pushing? |
If the demand is elastic though that would mean that a lot more people whould be using drugs, and that's not acceptable to very many people.
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