Quote

Bankruptcies increase 18 percent to 42 percent above the national average

John Warren Kindt

Change background

T
T
T

Change font

TAGS & TOPICS

John Warren Kindt
National
Increase
Percent
Bankruptcies
Bankruptcy
Gambling
Average

More quotes by 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
Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
John Warren Kindt
Image
Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
John Warren Kindt
Image
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
Image
Legalized gambling is the leading cause of bankruptcy
John Warren Kindt
Image
An Osage tribal study found that between $41 million to $50 million left a 50-mile radius around their own casino
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 faster the gambling activity, the more highly addictive it is and the more addictive the gambling activity is, the more revenue it will generate for the industry
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
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 is a catalyst for economic downturn
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
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
The real loss by gambling is $180,000 to the consumer economy for each slot machine
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
State-sponsored gambling produces no product, no new wealth, and so it makes no genuine contribution to economic development
John Warren Kindt
Image
The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
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
Another threat to stability is the rise of Internet gambling
John Warren Kindt
Image
$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt