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Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits

John Warren Kindt

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John Warren Kindt
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Zero
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Cocaine
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More quotes by John Warren Kindt

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If you want your 401k to come back, recriminalize gambling
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Taxpayers would likely be responsible for treating addicts
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My bottom line is this is no time to be gambling with our economy
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Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
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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
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State-sponsored gambling produces no product, no new wealth, and so it makes no genuine contribution to economic development
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Another threat to stability is the rise of Internet gambling
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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
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We beat the Great Depression without lotteries and legalized gambling
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An Osage tribal study found that between $41 million to $50 million left a 50-mile radius around their own casino
John Warren Kindt
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It's lose, lose for the taxpayer
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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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What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
John Warren Kindt
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Legalized gambling is the leading cause of bankruptcy
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Lotteries boost state revenues in the short run but don't feed the economy in the long run
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Gambling is a catalyst for economic downturn
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
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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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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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Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy
John Warren Kindt