According to the article A New Kind of Drug War, http://www.businessweek.com/bwdaily/dnflash/feb2005/nf20050228_1996_db013.htm,
our current approach at handling the illegalization of drugs has a very dismal return on profit. Federal, state, and local governments have put some $33 billion in resources toward prosecuting the war on drugs in recent years, but what has been the return on that $33 billion-not very much at all. A big majority of crime and corruption come from the illegal drug trade flourish. U.S. prisons are crowded with drug-law offenders -- more than 54% of federal prisoners sentenced in 2004 were sent away for breaking drug laws. So, that leaves us with the question of whether legalizing drugs and very heavily taxing them would benefit us in the long run?
Just for a comparison, the heavier taxing of alcohol and cigarettes has had a decrease in the usage of them. Would this be the same for drugs? I don't have a strong stand either way on this matter because I can see it from both sides. First, to legalize certain drugs, the number of users may increase and it would be that much easier to get ones hands on. But, as far as receiving any benefit from drugs, the legalization would provide a huge amount of tax money. It's hard to say though because those who already do drugs probably will continue to do so and they may be able to get it other places without having to pay the taxes. So by legalizing it, we may create more users and receive some benefit from it.
So you tell me, do the benefits of legalizing drugs outway the costs of doing so? Are the risks worth taking?