Here\’s a thought

Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were \”the only liquid investment capital\” available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.

Now leave aside for a moment that wibble about drugs money entering the banking system. Of course it enters the banking system, always has done and always will.

Concentrate instead upon the number there.

A couple of hundred billion quid, eh?

In profits that is.

Excellent. So, let\’s legalise and tax: we\’d be able to get half of that just as we can get around half of most legal activities (VAT plus corporation tax is about half).

Punters get cleaner drugs, meaning that health care costs go down. Violence goes down as market share is competed for with advertising not guns, so policing costs go down. Human rights increase as those who wish to ingest are able, legally, to ingest what they wish.

And we get £100 billion to spend on, well, I dunno, research into green energy, abolishing poverty in the Third World, these seem to be popular ideas.

Sounds like a much better idea than this wibble about crippling the banking system, doesn\’t it?

6 thoughts on “Here\’s a thought”

  1. Costs also go down as importing the product is no longer problematic. This in turn reduces crime as junkies don’t need to steal or prostitute themselves to get their fix. This in turn further reduces policing costs, insurance and all the other costs imposed on us by the “war” on drugs.

    Quite frankly with so many positive arguements for legalisation one has to wonder why it is not being debated more (I accept there are negatives to legalisation, but surely we can debate the issue like adults).

  2. First you havr to solve the problem that the coppers can not keep a crowd of 13 year olds pissed on a can of lager and a sniff of lighter fuel in order, let alone half a population of stoned wannabe hippys.

    Get THAT sorted out and you may have a good idea.

  3. @Furor Teutonicus

    I’m sure you were tongue-in-cheek anyway, but of course it’s ALSO illegal for 13 year olds to buy lager and lighter fuel, and look how well that works out.

    Anyone who wants drugs finds them within 20 minutes of arriving in a new town – but they have to risk dealing with dodgy low-life to buy goods of dangerous and dubious quality. What’s not to like about switching that alleyway sales-pitch to the clean, brightly-lit tobacconist’s shop?

  4. Mr FT, at Glastonbury this year the police controlled 200,000 stoned wannabe hippys by handing out purple ribbons. It’s not hard.

  5. Pingback: The LDV Friday Five: 10 September 2010

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