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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
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Bankruptcies
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More quotes by 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
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For every slot machine you add, you lose one job per year from the consumer economy
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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
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The real loss by gambling is $180,000 to the consumer economy for each slot machine
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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
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The social costs, and the increased tax costs due to addicted gamblers, stay behind
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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
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While gambling addiction can be a social justice reason for some to ban gambling, the economic evidence suggests that the social and economic costs of gambling are $3 to the taxpayers for every $1 in benefits
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Taxpayers would likely be responsible for treating addicts
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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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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
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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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The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
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$60,000 spent in a consumer economy multiplies by respending into $180,000
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The gambling interests like to point to the construction jobs, but those jobs go away
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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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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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There would be economic disruption in Omaha from expanded gambling...You would just be moving Chernobyl closer to the population center
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If you want your 401k to come back, recriminalize gambling
John Warren Kindt