Guest posted by David Garber
The day after Christmas I was delivered a present in the form of some good news. Seems Marijuana may not be as bad for you as the government might have you think – at least according to Business Insider Science today.
As I cruised the Internet for more positive information, it seems everything else was about the increasing chances of our going over the fiscal cliff and all sorts of possible solutions. So I came up with one of my own. An Executive Order: Emergency legalization of Marijuana.
Okay, before you dismiss this summarily, look at a few facts:
Cost savings on regulation and enforcement: $7.7 Billion ($2.4B Federal, $5.3B State/local)
Revenue from taxation of marijuana sales would range from $2.4 Billion per year if marijuana were taxed like ordinary consumer goods to $6.2 Billion if it were taxed like alcohol or tobacco --Not to mention all the jobs that would be created and taxes paid on that legal income.
And what crackpots came up with these crazy numbers? Three Nobel Laureates in economics: Dr. Milton Friedman (Hoover Institute), Dr. George Akerlof (UC Berkeley), and Dr. Vernon Smith (George Mason University). And they were joined by 500 other economists.
Why act now? Why an executive order? Politics and time’s run out.
1. We’re heading for the Fiscal Cliff.
2. Marijuana is safer than alcohol.
3. We know the repeal of the Volstead Act didn’t ruin us.
4. We know Marijuana prohibition laws aren’t working.
5. The states and the Fed government need money to run.
6. We can use the jobs.
7. The revenue can go to infrastructure, teachers, first responders.
This is the true emergency that the Executive Order was really meant for if there ever was one. Billions to gain. What’s to lose? If nothing else, it may cut down on road rage and anxiety attacks. Isn’t that alone worth a try?
Writer/Producer David Garber
For the past 25 years, David Garber has been serving as the show runner and or writer on some of television’s biggest hits… Saved By The Bell, Power Rangers, 227, Bill Cosby Show and many other network series.
His writing and producing have also netted David two very prestigious awards:the PRISM AWARD and the TV CRITICS AWARD – TV SPECIAL OF THE YEAR.
Currently he's authoring a short story series called "A Few Minutes With..."