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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
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Percent

More quotes by 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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Studies in Australia have verified this drain on the economy by video gambling machines
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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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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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The gambling interests like to point to the construction jobs, but those jobs go away
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For every slot machine you add, you lose one job per year from the consumer economy
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An Osage tribal study found that between $41 million to $50 million left a 50-mile radius around their own casino
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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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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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
John Warren Kindt
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It's lose, lose for the taxpayer
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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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The common mistake that business people make is they're going to get drive-by business...Only gas stations are helped
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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Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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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
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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
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When governments legalize and encourage gambling, they are creating addictions among their citizens
John Warren Kindt