Download file to see previous pages...
As the fiscal gap continues to grow, policymakers and citizens grow more concerned with the state of their economy, and how they can reduce the deficit they are facing. This paper will examine the impact drug legalization may have on the economy, and how society might react in the face of this new reality.
Economists argue that the current fiscal gap the region is facing might be reduced with the implementation of certain policies. The legalization of certain drugs in the region is one of the main issues being discussed. It is clear that calls for cuts or cutbacks in expenditure and increase in taxation are receiving little or no support (Buning, Drucker and Matthews 116). This issue brings to light some of the unconventional ways in which lobby groups, politicians, and citizens have welcomed the legalization of certain drugs in order to reduce the deficit. There are benefits attached to the legalization of drugs such as marijuana, for example; lower prohibition expenditures, reduction in criminal justice expenses, and even a reduction in the levels of arrests, prosecutions, and imprisonment of individuals involved.
States that have currently legalized the sale, distribution, and use of marijuana are expected to meet some of the budgetary savings they predicted. If this happens, it is possible that countless other states will follow through with the legalization of the same drug. Some of the benefits are mentioned in countless discussions and debates. It is worth mentioning that recent studies point to the fact that the government can save over $40 billion dollars with the legalization of marijuana, cocaine and heroin, and other drugs. Tax revenue in this case would be placed at an estimated $45 billion dollars annually. This is with the legalization of marijuana, cocaine and heroin, and all other drugs. As this market is driven
...Download file to see next pagesRead More
(KANE and FOWLER). His company Apple Inc successfully rolled out products like Ipod, Iphone as well as Ipad to radically alter the way computer industry historically performed. The news of his death is therefore is considered as one of the key events of the recent past because it is generally believed that with his loss, world may not be able enjoy latest technological innovations.
People started to default, and the society and institutions started to face liquidity issues. Soon with this credit crunch, the debts started to rise and the economy started to experience its effects which included the rising unemployment rates and decreasing gross domestic product (GDP) of US economy.
The social and economic benefits of diverse institutions of higher learning have been at the forefront over the years for the Canadian government as they attempt to influence the shape and role of the sector. In this moment in time, it is essential that the government reassert the role that is played by universities in the country’s future development, especially as we emerge from a recession.
Unlike in the primitive societies that existed during the birth of economic thought, the modern economy shows instant changes with yesterday conditions being fully different from today’s economic environment. This calls for well thought economic policies otherwise the economy would stump to serious and unsolvable problems in the future.
The primary reason for Edison's obsession with undermining what was clearly a better means of providing electricity to the masses was money, of course, but a large part of Edison's quest to discredit alternating current had to do with the fact that Nikola Tesla became one of the few people whom Edison had not been able to steal an idea from and take the credit.
The business cycle and the circular flow of income in the markets has been an essential element of economies for years. An economy runs based on the funds that are available in the markets at all times.
They are of the opinion that what we experienced was not a breakdown of the economic system but meltdown of corporate (human) values (Friedman and Friedman, 4). The article outlines the many warning signs of corporate greed
I would like to recommend Bill Sutherland. He is a goal-oriented employee, with a personal and professional motivation. There is no doubt that in working with people an employee should be tolerant, patient, responsive, attentive and responsible. Brown
According to Charles W Boustany, a chairperson of the subcommittee charge with investigating the fraud, the trend is worrying and needs to be solved with immediate effect. For instance, he says, “at the time when the federal government is hemorrhaging money, we have to make
of the United States in the first quarter of 2014 was 4.6%.1 This growth is a clear indication that the economy is building gradually more so after the dismal performance in the first quarter that stood at 2.1%. This dramatic rise in the growth is more than twice the economic
4 Pages(1000 words)Term Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Term Paper on topic Current Macroeconomic Topic in US for FREE!