Comments on: About Passages Malibu http://b.passagesmalibu.com Thu, 21 Jul 2011 14:39:27 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Interestinghttp://b.passagesmalibu.com/about-passages-malibu/#comment-258145 Interesting Fri, 15 Jul 2011 14:02:27 +0000 http://b.passagesmalibu.com/?page_id=2#comment-258145 Addicts rationally choose their poison despite knowing that it is habit-forming and dangerous, and they do so because they expect the highs to outweigh the lows,” explain two economists, Gary Becker and Kevin M. Murphy, in a report on addiction from the University of Chicago. Addiction is an difficult topic for economists to undertake and measure, but because of the estimated $590 billion dollar price tag that addiction costs America each year, economists can’t help but take notice.In addition, according to estimates from the Substance Abuse and Mental Health Services Administration, a combined $276 billion was spent or lost in 2005 on health care, lost productivity, premature death, crime and auto accidents relating to alcohol and drug abuse. Roughly 75 percent of all that money was paid for by public sources, which means American taxpayers are footing three quarters of the bill. With 117 million taxpayers in the U.S., this means that the average amount paid by each individual taxpayers amounted to approximately $1,800. That pretty much negates that nice Economic Stimulus Check you received this year. Addicts rationally choose their poison despite knowing that it is habit-forming and dangerous, and they do so because they expect the highs to outweigh the lows,” explain two economists, Gary Becker and Kevin M. Murphy, in a report on addiction from the University of Chicago. Addiction is an difficult topic for economists to undertake and measure, but because of the estimated $590 billion dollar price tag that addiction costs America each year, economists can’t help but take notice.

In addition, according to estimates from the Substance Abuse and Mental Health Services Administration, a combined $276 billion was spent or lost in 2005 on health care, lost productivity, premature death, crime and auto accidents relating to alcohol and drug abuse. Roughly 75 percent of all that money was paid for by public sources, which means American taxpayers are footing three quarters of the bill. With 117 million taxpayers in the U.S., this means that the average amount paid by each individual taxpayers amounted to approximately $1,800. That pretty much negates that nice Economic Stimulus Check you received this year.

]]>