From sourcewatch.org: The Cato Institute is a libertarian think tank founded by Charles G. Koch and funded by the Koch brothers. It is headquartered in Washington, D.C. The Institute states that it favors policies “that are consistent with the traditional American principles of limited government, individual liberty, and peace.” Cato scholars conduct policy research on a broad range of public policy issues and produce books, studies, op-eds, and blog posts. They are also frequent guests in the media.
The Cato Institute is an “associate” member of the State Policy Network, a web of right-wing “think tanks” in every state across the country. They are also part of the international Atlas Group network with links to the Institute for Humane Studies. The Independent Institute seems to operate as a Cato subsidiary.
I’m posting this link in the interest of “untangling” the U.S. DRUG WARS – profit, cost, ideologies behind policy, and effects on American life.
53 page PDF by the Cato Institute on the “revenue” benefits of across the board decriminalization and legalization of marijuana and “other drugs”.
The Budgetary Impact of Ending Drug Prohibition
Jeffrey A. Miron and Katherine Waldock
State and federal governments in the United States face massive looming fiscal deficits. One policy change that can reduce deficits is ending the drug war. Legalization means reduced expenditure on enforcement and an increase in tax revenue from legalized sales. This report estimates that legalizing drugs would save roughly $41.3 billion per year in government expenditure on enforcement of prohibition. Of these savings, $25.7 billion would accrue to state and local governments, while $15.6 billion would accrue to the federal government. Approximately $8.7 billion of the savings would result from legalization of marijuana and $32.6 billion from legalization of other drugs. The report also estimates that drug legalization would yield tax revenue of $46.7 billion annually, assuming legal drugs were taxed at rates comparable to those on alcohol and tobacco. Approximately $8.7 billion of this revenue would result from legalization of marijuana and $38.0 billion from legalization of other drugs.
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Cato Institute / What they say about themselves: Founded in 1977, the Cato Institute is a public policy research foundation dedicated to broadening the parameters of policy debate to allow consideration of more options that are consistent with the traditional American principles of limited government, individual liberty, and peace. To that end, the Institute strives to achieve greater involvement of the intelligent, concerned lay public in questions of policy and the proper role of government. The Institute is named for Cato’s Letters, libertarian pamphlets that were widely read in the American Colonies in the early 18th century and played a major role in laying the philosophical foundation for the American Revolution. Despite the achievement of the nation’s Founders, today virtually no aspect of life is free from government encroachment. A pervasive intolerance for individual rights is shown by government’s arbitrary intrusions into private economic transactions and its disregard for civil liberties. To counter that trend, the Cato Institute undertakes an extensive publications program that addresses the complete spectrum of policy issues. Books, monographs, and shorter studies are commissioned to examine the federal budget, Social Security, regulation, military spending, international trade, and myriad other issues. Major policy conferences are held throughout the year, from which papers are published thrice yearly in the Cato Journal. The Institute also publishes the quarterly magazine Regulation. In order to maintain its independence, the Cato Institute accepts no government funding. Contributions are received from foundations, corporations, and individuals, and other revenue is generated from the sale of publications. The Institute is a nonprofit, tax-exempt, educational foundation under Section 501(c)3 of the Internal Revenue Code.