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Movies and Disney World don't create addicts

John Warren Kindt

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John Warren Kindt
Addict
Gambling
Movies
Create
World
Addicts
Disney

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The real loss by gambling is $180,000 to the consumer economy for each slot machine
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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
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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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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
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Lotteries boost state revenues in the short run but don't feed the economy in the long run
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The gambling interests like to point to the construction jobs, but those jobs go away
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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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An Osage tribal study found that between $41 million to $50 million left a 50-mile radius around their own casino
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Gambling is being subsidized by the taxpayers
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Bankruptcies increase 18 percent to 42 percent above the national average
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If you want your 401k to come back, recriminalize gambling
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Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
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It's lose, lose for the taxpayer
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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
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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
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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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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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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
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No reputable economist anywhere believes it's gambling an economic tool
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The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
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