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For every slot machine you add, you lose one job per year from the consumer economy

John Warren Kindt

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John Warren Kindt
Loses
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Economy
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More quotes by 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.
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Movies and Disney World don't create addicts
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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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State-sponsored gambling produces no product, no new wealth, and so it makes no genuine contribution to economic development
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I would hate to see the state of Wisconsin make another mistake and locate another casino in a high-density population area
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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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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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$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt
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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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If you want your 401k to come back, recriminalize gambling
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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No reputable economist anywhere believes it's gambling an economic tool
John Warren Kindt
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Besides creating more compulsive gamblers, money spent on lotteries isn't spent on other goods such as clothing or computers, which would trickle through to retailers, manufacturers and other parts of the economy
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It's lose, lose for the taxpayer
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What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
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When governments legalize and encourage gambling, they are creating addictions among their citizens
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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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Gambling is a catalyst for economic downturn
John Warren Kindt
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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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