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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

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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
John Warren Kindt
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$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt
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Gambling is being subsidized by the taxpayers
John Warren Kindt
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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
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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Taxpayers would likely be responsible for treating addicts
John Warren Kindt
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
John Warren Kindt
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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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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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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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Another threat to stability is the rise of Internet gambling
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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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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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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My bottom line is this is no time to be gambling with our economy
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 social costs, and the increased tax costs due to addicted gamblers, stay behind
John Warren Kindt
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If you want your 401k to come back, recriminalize gambling
John Warren Kindt
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Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
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