Potential Tax Revenue if Drugs Were legalized in Australia

An estimated $6.1 Billion (6 Billion Australian Dollars) would be generated in tax revenue for the Government of Australia if illegal drugs were legalized, according to an opinion piece in The Australian. From marijuana alone, the potential tax revenue for the Australian government would be $618 Million (600 Million Australian Dollars) a year.

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Stolen Guns in Australia

Between 2004 and the latest available figures of 2009, the number of reported firearms stolen in Australia increased by 6 percent every year. In the 2008-2009 time period, 1,570 guns were reported stolen across the country. Of all the reported theft cases, 40 percent of gun owners were not keeping their firearms in a properly secured location.

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Australia and New Zealand consumes the most marijuana in the world

According to a study published in The Lancet, Australia and New Zealand has the highest number of marijuana users in the world. As much as 15 percent of the population of the two countries between the ages 15 and 64 used marijuana in 2009, the highest rate in the world. By comparison, 11 percent of North Americans and 2.5 percent of people in Asia used marijuana.

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Rate of Counterfeit Currency in the United States, Australia and Mexico

Counterfeit currency rates are determined by part per million (PPM), which reports how many counterfeit money notes are found in circulation. The United States has as PPM of 6.5 PPM, meaning that authorities discover 6.5 counterfeit banknotes that have been passed as real currency out of every 1 million banknotes. Australia has a rate of 6.8 PPM, and Mexico has a rate of 83 PPM. G-20 nations use a PPM benchmark of 50 as to whether or not the country’s currency system can be considered secure.

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