The President Can Only Read One Page (Line from US TV Series The West Essay - 1

The President Can Only Read One Page (Line from US TV Series The West Wing) - Essay Example You’ll remember this was a major issue during the financial crisis as Goldman Sachs was advising clients on investments, while making investments that ran counter to the very equities they were recommending. This is bad for us because it limits our activities and the amount of revenue we can bring in. There are a number of potential arguments you can adopt. One perspective contends that just because Goldman Sachs was morally bankrupt doesn’t mean that the entire industry needs to suffer ("Sec pitches budget," 2012). Another perspective argues that implementing the Volcker Rule will unnecessarily restrict banking and investment in the United States. Additionally, individuals have argued that if this regulation passed it would hurt the banks’ abilities to compete internationally (Patterson, 2012). While these are strong arguments, it may also be more effective by arguing that its passage should be delayed and reconsidered ("Dodd-frank criticism roundup:," 2012). Dodd-frank act - sec. (2012). Retrieved from http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&ved=0CGsQFjAB&url=http://www.sec.gov/about/laws/wallstreetreform-cpa.pdf&ei=q1NuT-_7Oebj0QGpwoW3Bg&usg=AFQjCNGj12VcoYHuakKquosc4ObHaJE_bw&sig2=lJrCl2Tt00CivlDZYr9gtw Khimm, S. (2012). Banks’ preemptive strike against dodd-frank. Retrieved from

Legalization of marijuana. How can it boost the U.S economy Research Paper

Legalization of marijuana. How can it boost the U.S economy - Research Paper Example Legalizing marijuana will increase the government tax revenue. The government loses huge revenue from the illegal trade and use of marijuana. Marijuana is the most consumed and most traded substance of abuse in the US. Whether legal or illegal consumers must always find a way of getting it and traders have to smuggle it in the country through the black market. The implication of illegal trading of marijuana is the huge loss of revenue the government could raise through taxation. Therefore, legalizing marijuana gives the government a chance to regulate it through taxation hence increase of national income. For example, the state of Colorado estimated a revenue increase of about $67 million from marijuana sales the first year after legalization. Increase in national revenue will contribute to economic growth because the additional revenue can be used to carry out development activities of the government.Legalizing marijuana will increase employment because many people can open up busin esses as traders, farmers, distributors, etc. Increase in employment opportunities in the country is a contributing factor to economic growth through income they earn. Increase in citizens’ income results to increase consumption hence increase in economic growth.The U.S. government incurs huge expenses to the tune of $40 billion to enforce drug regulations every year. Most of the inmates causing congestion in the U.S. prisons are victims of drugs that have not been involved in any crime of violence.