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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
Increase
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Bankruptcies
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Gambling
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More quotes by 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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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
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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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Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits
John Warren Kindt
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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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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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There would be economic disruption in Omaha from expanded gambling...You would just be moving Chernobyl closer to the population center
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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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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If you want your 401k to come back, recriminalize gambling
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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For every slot machine you add, you lose one job per year from the consumer economy
John Warren Kindt
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The real loss by gambling is $180,000 to the consumer economy for each slot machine
John Warren Kindt
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Gambling is being subsidized by the taxpayers
John Warren Kindt
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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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Taxpayers would likely be responsible for treating addicts
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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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
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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
John Warren Kindt
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
John Warren Kindt