If I were King (not "the king") for a day, I'd eliminate half the crime in this country by legalizing all drugs. Period. And I would't try taxing every then legal drug. That would just drive more of the trade back underground, where it's most profitable. Then the big profit would disappear from the now illicit drug trade and pharmacutical grade everything would be cheap, for those who want it. Not to mention the more than $100 billion a year we spend on this unwinnable war.

Take a fraction of the money spent on the war on drugs and spend it on drug education and rehab for those who want it. Those who would blow their minds, let 'em; society is better off without them. But the rehab would be society's way of extending a helping hand to those who want to pull themselves out of it.