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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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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt
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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
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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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 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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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
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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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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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It's lose, lose for the taxpayer
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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The social costs, and the increased tax costs due to addicted gamblers, stay behind
John Warren Kindt
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Another threat to stability is the rise of Internet gambling
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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Studies in Australia have verified this drain on the economy by video gambling machines
John Warren Kindt
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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
John Warren Kindt
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Legalized gambling is the leading cause of bankruptcy
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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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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Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy
John Warren Kindt
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When governments legalize and encourage gambling, they are creating addictions among their citizens
John Warren Kindt