Quote

Gambling is a catalyst for economic downturn

John Warren Kindt

Change background

T
T
T

Change font

TAGS & TOPICS

John Warren Kindt
Catalyst
Gambling
Economic
Downturn

More quotes by John Warren Kindt

Image
Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt
Image
Lotteries boost state revenues in the short run but don't feed the economy in the long run
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
Image
Gambling is being subsidized by the taxpayers
John Warren Kindt
Image
It is not economic development it's about taking money out of the consumer economy and shipping it off to Las Vegas
John Warren Kindt
Image
For every slot machine you add, you lose one job per year from the consumer economy
John Warren Kindt
Image
What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
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
It's lose, lose for the taxpayer
John Warren Kindt
Image
Another threat to stability is the rise of Internet gambling
John Warren Kindt
Image
There would be economic disruption in Omaha from expanded gambling...You would just be moving Chernobyl closer to the population center
John Warren Kindt
Image
Your social costs, your costs to the taxpayers, are $3 for every $1 of benefits, it's not good economic development
John Warren Kindt
Image
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
John Warren Kindt
Image
My bottom line is this is no time to be gambling with our economy
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
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
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
Movies and Disney World don't create addicts
John Warren Kindt
Image
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
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