Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

John Warren Kindt
Benefits
Socio
Cost
Overwhelm
Effects
Cocaine
Economic
Gambling
Like
Costs
Zero
Effect
Market
Legalizing

More quotes by John Warren Kindt

Image
Legalized gambling is the leading cause of bankruptcy
John Warren Kindt
Image
I would hate to see the state of Wisconsin make another mistake and locate another casino in a high-density population area
John Warren Kindt
Image
My bottom line is this is no time to be gambling with our economy
John Warren Kindt
Image
No reputable economist anywhere believes it's gambling an economic tool
John Warren Kindt
Image
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
Image
Bankruptcies increase 18 percent to 42 percent above the national average
John Warren Kindt
Image
If you want your 401k to come back, recriminalize gambling
John Warren Kindt
Image
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
Image
An Osage tribal study found that between $41 million to $50 million left a 50-mile radius around their own casino
John Warren Kindt
Image
Studies in Australia have verified this drain on the economy by video gambling machines
John Warren Kindt
Image
Taxpayers would likely be responsible for treating addicts
John Warren Kindt
Image
There would be economic disruption in Omaha from expanded gambling...You would just be moving Chernobyl closer to the population center
John Warren Kindt
Image
Gambling is being subsidized by the taxpayers
John Warren Kindt
Image
For every slot machine you add, you lose one job per year from the consumer economy
John Warren Kindt
Image
What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
John Warren Kindt
Image
Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
John Warren Kindt
Image
And as far as jobs go, for every one job that the casino creates, one is lost in the 35-mile feeder market
John Warren Kindt
Image
Sociologists almost uniformly report that increased gambling activities, which are promoted as sociologically 'acceptable' and which are made 'accessible' to larger numbers of people will increase the number of pathological gamblers
John Warren Kindt
Image
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
Image
27 percent to 55 percent of casino revenues come from problem or pathological gamblers
John Warren Kindt