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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government

John Warren Kindt

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John Warren Kindt
Revenue
Gambling
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State
States
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Every
Legalized
Taxpayers

More quotes by 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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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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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
John Warren Kindt
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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
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No reputable economist anywhere believes it's gambling an economic tool
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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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
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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If you want your 401k to come back, recriminalize gambling
John Warren Kindt
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We beat the Great Depression without lotteries and legalized gambling
John Warren Kindt
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Taxpayers would likely be responsible for treating addicts
John Warren Kindt
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When governments legalize and encourage gambling, they are creating addictions among their citizens
John Warren Kindt
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Legalized gambling is the leading cause of bankruptcy
John Warren Kindt
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The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
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
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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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
John Warren Kindt
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There would be economic disruption in Omaha from expanded gambling...You would just be moving Chernobyl closer to the population center
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.
John Warren Kindt
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Studies in Australia have verified this drain on the economy by video gambling machines
John Warren Kindt