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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
John Warren Kindt
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John Warren Kindt
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More quotes by John Warren Kindt
If you want your 401k to come back, recriminalize gambling
John Warren Kindt
The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
John Warren Kindt
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
The common mistake that business people make is they're going to get drive-by business...Only gas stations are helped
John Warren Kindt
Bankruptcies increase 18 percent to 42 percent above the national average
John Warren Kindt
The social costs, and the increased tax costs due to addicted gamblers, stay behind
John Warren Kindt
State-sponsored gambling produces no product, no new wealth, and so it makes no genuine contribution to economic development
John Warren Kindt
The gambling interests like to point to the construction jobs, but those jobs go away
John Warren Kindt
Legalized gambling is the leading cause of bankruptcy
John Warren Kindt
I would hate to see the state of Wisconsin make another mistake and locate another casino in a high-density population area
John Warren Kindt
Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt
The real loss by gambling is $180,000 to the consumer economy for each slot machine
John Warren Kindt
The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
John Warren Kindt
Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
John Warren Kindt
Another threat to stability is the rise of Internet gambling
John Warren Kindt
It's lose, lose for the taxpayer
John Warren Kindt
No reputable economist anywhere believes it's gambling an economic tool
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$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt
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
Studies in Australia have verified this drain on the economy by video gambling machines
John Warren Kindt