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It is not economic development it's about taking money out of the consumer economy and shipping it off to Las Vegas

John Warren Kindt

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John Warren Kindt
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More quotes by John Warren Kindt

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It's lose, lose for the taxpayer
John Warren Kindt
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A study in Illinois in the mid-1990s found that 65 percent of businesses were hurt by the proximity of gambling
John Warren Kindt
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
John Warren Kindt
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The gambling interests like to point to the construction jobs, but those jobs go away
John Warren Kindt
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Legalized gambling is the leading cause of bankruptcy
John Warren Kindt
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People will spend a tremendous amount of money in casinos, money they normally would spend on refrigerators or a new car. Local businesses will suffer because they'll lose consumer dollars to casinos.
John Warren Kindt
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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt
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The real loss by gambling is $180,000 to the consumer economy for each slot machine
John Warren Kindt
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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
John Warren Kindt
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If gambling were banned, those social costs would drop, tax revenues from consumer goods would increase, and money would be pumped into the productive economic sector
John Warren Kindt
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The common mistake that business people make is they're going to get drive-by business...Only gas stations are helped
John Warren Kindt
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You bring in gambling into a major population base, and the more people you have going into a casino, the more people you have hooked on gambling
John Warren Kindt
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Gambling interests hire lots of economists to do impact studies, but what you need is cost-benefit analysis, and you'll never see the industry finance those
John Warren Kindt
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While gambling addiction can be a social justice reason for some to ban gambling, the economic evidence suggests that the social and economic costs of gambling are $3 to the taxpayers for every $1 in benefits
John Warren Kindt
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Bankruptcies increase 18 percent to 42 percent above the national average
John Warren Kindt
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There would be economic disruption in Omaha from expanded gambling...You would just be moving Chernobyl closer to the population center
John Warren Kindt
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Another threat to stability is the rise of Internet gambling
John Warren Kindt
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The faster the gambling activity, the more highly addictive it is and the more addictive the gambling activity is, the more revenue it will generate for the industry
John Warren Kindt
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Your social costs, your costs to the taxpayers, are $3 for every $1 of benefits, it's not good economic development
John Warren Kindt
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My bottom line is this is no time to be gambling with our economy
John Warren Kindt