By Simon McCormack , Huffington Post

"There's no business like ho business."

So said Dennis Hof, owner of Nevada's Moonlight Bunny Ranch. He told The Huffington Post that the federal government would do well to cut itself in on the "recession proof" business of prostitution by legalizing and taxing it.

"I pay about $350,000 a year in taxes," Hof said. "The government can have that money or they can spend a fortune on a vice squad. I can support my community or I can take away from the community by having an illegal sex trade."

Hof said the prospect of legalizing prostitution and marijuana should be on the table in the ongoing negotiations over the fiscal cliff, a combination of tax hikes and spending cuts that, economists said, could plunge the country back into recession.

The Christian Post reports that $30 billion a year is spent worldwide on prostitution. That's money that will be spent, whether selling sex is legal or not, Hof said. More at The Huffington Post