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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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More quotes by 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
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$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt
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My bottom line is this is no time to be gambling with our economy
John Warren Kindt
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Gambling is being subsidized by the taxpayers
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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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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No reputable economist anywhere believes it's gambling an economic tool
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
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
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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Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
John Warren Kindt
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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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It's lose, lose for the taxpayer
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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Lotteries boost state revenues in the short run but don't feed the economy in the long run
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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Bankruptcies increase 18 percent to 42 percent above the national average
John Warren Kindt
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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
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Another threat to stability is the rise of Internet gambling
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