Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

John Warren Kindt
Benefits
Gambling
Cost
Studies
Industry
Finance
Study
Benefit
Interest
Analysis
Need
Lots
Economists
Needs
Interests
Economist
Never
Impact
Hire

More quotes by John Warren Kindt

Image
If you want your 401k to come back, recriminalize gambling
John Warren Kindt
Image
Legalized gambling is the leading cause of bankruptcy
John Warren Kindt
Image
State-sponsored gambling produces no product, no new wealth, and so it makes no genuine contribution to economic development
John Warren Kindt
Image
We beat the Great Depression without lotteries and legalized gambling
John Warren Kindt
Image
The gambling interests like to point to the construction jobs, but those jobs go away
John Warren Kindt
Image
Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
John Warren Kindt
Image
For every slot machine you add, you lose one job per year from the consumer economy
John Warren Kindt
Image
The social costs, and the increased tax costs due to addicted gamblers, stay behind
John Warren Kindt
Image
Another threat to stability is the rise of Internet gambling
John Warren Kindt
Image
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
Image
I would hate to see the state of Wisconsin make another mistake and locate another casino in a high-density population area
John Warren Kindt
Image
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
Image
It's lose, lose for the taxpayer
John Warren Kindt
Image
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
Image
Movies and Disney World don't create addicts
John Warren Kindt
Image
No reputable economist anywhere believes it's gambling an economic tool
John Warren Kindt
Image
The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
John Warren Kindt
Image
$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt
Image
Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt
Image
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