Are We Aware of Economic Effects of Violent Crime?
Being a member of the legal profession possibly makes one more aware of the violent crimes going our in his or her community, but we possibly all need to be aware of what is happening in our immediate areas and to be involved in community affairs.
The economic effects of violent crime are costly to the community, the taxpayers and those directly involved in the crime… the victims and the perpetrators.
Murders, rapes, assaults, and robberies quite frequently impose overwhelming economic costs on the victims who survive as well as the families of those involved, not only in the loss of earnings and the legal and medical costs involved, but also the physical and emotional tolls.
Communities also are affected by violent crimes by property values decreasing and insurance premiums increasing. Communities also see reduced investment in high-crime areas along with decreasing population in these areas which lower the tax base for the community.
When the tax base or population is lowered, the cost of community services increase per person and at times the services themselves decrease due to the costs involved.
Violent crimes also impose significant costs on the community and the taxpayers who bear the financial burden of maintaining the police personnel and operations, courts, jails, and prisons directed toward these crimes and their perpetrators.
Also, it may not be considered an economic effect of violent crime in the community, but we also have to be aware that violent crimes are a direct threat to our safety and the safety of our children and grandchildren.
Successful efforts to reduce crime can produce substantial economic benefits for the community as a whole.