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The tragedy in Ferguson, Mo., highlights how predatory policing has reduced trust in law enforcement in many parts of the U.S. Court fines (mostly connected with traffic violations) are worth 20 percent of Ferguson’s general-fund revenue. That’s considerably more than property tax revenue and about two-thirds sales tax revenue. The police force accounts for 41 percent of the city’s expenses, suggesting fines are worth about one-half of the police budget. The incentives that such a system...