Why Defunding Police Is So Expensive

By Ramavanjava @ Adobe Stock

You may recall the #DEFUNDTHEPOLICE movement, which attempted to reduce or eliminate police budgets in major cities. After surging crime in 2020, 2021, and 2022, it has become obvious that cutting police budgets was not a great idea. At City Journal, Rafael A. Mangual discusses the costs of crime to society, explaining:

Though it’s not easy to capture all of crime’s ripple effects, a robust social-science literature offers well-informed estimates of the social costs of at least some offenses—and the figures are alarming. In a 2010 study published in Drug and Alcohol Dependence, an international scholarly journal, scholars from the University of Miami and University of Colorado–Denver provided updated, crime-specific estimates of the social costs associated with offenses ranging from murder to theft. The authors note that “more than 23 million criminal offenses were committed in 2007, resulting in approximately $15 billion in economic losses to the victims and $179 billion in government expenditures [all in 2008 dollars] on police protection, judicial and legal activities, and corrections.” In today’s dollars, that totals roughly $290 billion—more than the U.S. Department of Education spent in 2024. To contextualize those numbers further, the National Oceanic and Atmospheric Administration estimated the total annual price tag of major weather and climate disasters (those exceeding $1 billion) between 2020 and 2024 at just under $150 billion.

Action Line: Funding law and order is an investment. The Trump administration is taking that to heart and is using every tool it has to invest in the future of American society. Crime rates have plummeted, and Americans are safer than they were just a year ago. Click here to subscribe to my free monthly Survive & Thrive letter.

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E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.