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Illegal Money Making Opportunities Essay

1402 words - 6 pages

The ways that money is gained illegally today is numerous. From drug dealers to hit men, these illegal money making opportunities are prevalent in influencing today’s economy and government. The most common illegal ways to gain money are through drugs, prostitution, theft (obviously), fraud, and piracy.

Drugs:
Most commonly sold and used drugs are:
-Cannabinoids (Marijuana, Hashish) Estimated Revenue in US: 10.5 billion-113 billion
-Opiates (Heroin, Opium) Estimated Revenue in US: $12 billion
-Stimulants (Cocaine, Amphetamines, Methamphetamines) Estimated Revenue in US: $60 Billion
-Club Drugs (MDMA, Roofies, GHB) Estimated Revenue in US: 10 Billion
-Hallucinogens (LSD, Peyote, Psilocybin) Estimated Revenue in US: 9 Billion
-Anabolic Steroids. Estimated Revenue in US: $20 million

Marijuana is one drug that is under a lot of controversy as it is decriminalized in a few states and is legal for medicinal uses in many states. If it was legalized and taxed the same as alcohol and cigarettes there would be massive gains as shown by Colorado earning $2 million in taxes from marijuana alone in the first month of it being illegalized so theoretically we could possibly gain $100 million a month over the whole country in taxes therefore improving our economy. Also, with legalization it would lower drug-related violence, especially with the cartel, the DEA could lower the amount of time and money they put in trying to control marijuana. They could also focus on more dangerous drugs and drugs that inspire aggression.
Economically, another problem with drugs is that the money is commonly transferred out of the US to other countries for the drugs causing there to be a loss of money in America. It can also cause tension with governments in a few situations such as an American smuggler being detained in an unfriendly country or America doing the same.

Prostitution:
Prostitution is illegal in most countries including the US. Prostitution gains $14.6 billion in the US. The reason it’s illegal is for a couple reasons, it spreads STIs and other disease, many times women are kidnapped and forced into prostitution, and it can put either person in danger.
If prostitution was legalized it is theorized that it would be monitored as well as being taxed therefore STI rates may go down and we would gain money from the tax also. As well as for most things legalized, it would draw attention to areas that need more. Also, legalizing it would lower the amount people in prisons and taxes spent on inmates.
Keeping it illegal would help reduce the amount of human trafficking because studies show that in countries where prostitution is legal, human trafficking is higher than countries where it’s illegal.

Theft:
Theft is very common and is almost always done for profit. It would be very hard to stop theft all together but there are many ways of preventing theft such as installing cameras, alarms, locks, keeping valuable items in safe, hidden places, and just keeping...

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