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Gambling is a catalyst for economic downturn

John Warren Kindt

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John Warren Kindt
Economic
Downturn
Catalyst
Gambling

More quotes by 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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For every slot machine you add, you lose one job per year from the consumer economy
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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Another threat to stability is the rise of Internet gambling
John Warren Kindt
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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
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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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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If you want your 401k to come back, recriminalize gambling
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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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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My bottom line is this is no time to be gambling with our economy
John Warren Kindt
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Movies and Disney World don't create addicts
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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The social costs, and the increased tax costs due to addicted gamblers, stay behind
John Warren Kindt
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What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
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 addicts usually lose their focus at work and problem military gambling poses a national security threat
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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Sociologists almost uniformly report that increased gambling activities, which are promoted as sociologically 'acceptable' and which are made 'accessible' to larger numbers of people will increase the number of pathological gamblers
John Warren Kindt