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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
The gambling interests like to point to the construction jobs, but those jobs go away
John Warren Kindt
When governments legalize and encourage gambling, they are creating addictions among their citizens
John Warren Kindt
Bankruptcies increase 18 percent to 42 percent above the national average
John Warren Kindt
A study in Illinois in the mid-1990s found that 65 percent of businesses were hurt by the proximity of gambling
John Warren Kindt
The real loss by gambling is $180,000 to the consumer economy for each slot machine
John Warren Kindt
Another threat to stability is the rise of Internet gambling
John Warren Kindt
No reputable economist anywhere believes it's gambling an economic tool
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
Legalized gambling is the leading cause of bankruptcy
John Warren Kindt
Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
John Warren Kindt
We beat the Great Depression without lotteries and legalized gambling
John Warren Kindt
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
$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt
Lotteries boost state revenues in the short run but don't feed the economy in the long run
John Warren Kindt
For every slot machine you add, you lose one job per year from the consumer economy
John Warren Kindt
Taxpayers would likely be responsible for treating addicts
John Warren Kindt
You bring in gambling into a major population base, and the more people you have going into a casino, the more people you have hooked on gambling
John Warren Kindt
27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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
Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt