In 2006, America has spent almost $11 billion for heroin, $18 billion for meth, $34 billion for marijuana, and $38 billion for cocaine and that is a total of $101 billion spending. The cost of drug use to economy is rapidly increasing. In incarceration, the cost is $48,121,949,000, in criminal justice system, the cost is $56,373,254,000 and the cost in labor participation is $49,237,798,000. The total cost of drug use to economy is $193,096,930,000.
When you try to figure out, the amount is enough to buy every American a brand new iPad per year. It would also take about five years to accumulate $1 trillion dollar spending. The $200 billion dollar cost to economy plus $100 billion expenses on drugs will garner a total of $300 billion total expenses on drugs per year. This same amount is also enough to give Americans $950 or give everyone in this world $40.
THE ECONOMICS OF DRUGS COMPARED
The total of $300 billion expenses on drugs can also be utilized for paying the entire tuition fee of 3 million college students or for buying Google. The amount is also sufficient enough to completely end hunger in this world. As more individuals decide to use drugs, the rates and figures of expense will also increase. The drug use economics are dependent on many factors and these are presented based on statistical record and data.
Individuals might have different viewpoint and opinion about drug abuse economics, but it cannot be denied that being aware of these can help them come into realizations. They might have some share of social obligation in order to resolve the issue.
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