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Another threat to stability is the rise of Internet gambling

John Warren Kindt

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John Warren Kindt
Gambling
Stability
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More quotes by John Warren Kindt

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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
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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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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 gambling interests like to point to the construction jobs, but those jobs go away
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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
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Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat
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Gambling is being subsidized by the taxpayers
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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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Movies and Disney World don't create addicts
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Bankruptcies increase 18 percent to 42 percent above the national average
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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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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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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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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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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Legalized gambling is the leading cause of bankruptcy
John Warren Kindt
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It's lose, lose for the taxpayer
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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What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
John Warren Kindt
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If you want your 401k to come back, recriminalize gambling
John Warren Kindt