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Bankruptcies increase 18 percent to 42 percent above the national average

John Warren Kindt

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John Warren Kindt
Bankruptcies
Bankruptcy
Gambling
Average
National
Increase
Percent

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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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Movies and Disney World don't create addicts
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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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Gambling is a catalyst for economic downturn
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Gambling is being subsidized by the taxpayers
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Legalized gambling is the leading cause of bankruptcy
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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
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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
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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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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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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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Your social costs, your costs to the taxpayers, are $3 for every $1 of benefits, it's not good economic development
John Warren Kindt
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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
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What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
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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
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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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The gambling interests like to point to the construction jobs, but those jobs go away
John Warren Kindt
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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
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No reputable economist anywhere believes it's gambling an economic tool
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We beat the Great Depression without lotteries and legalized gambling
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