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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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John Warren Kindt
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Economy

More quotes by John Warren Kindt

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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
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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
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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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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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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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We beat the Great Depression without lotteries and legalized gambling
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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
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