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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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John Warren Kindt
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More quotes by John Warren Kindt
For every slot machine you add, you lose one job per year from the consumer economy
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If you want your 401k to come back, recriminalize gambling
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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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Gambling is being subsidized by the taxpayers
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Taxpayers would likely be responsible for treating addicts
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The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
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The social costs, and the increased tax costs due to addicted gamblers, stay behind
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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt
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
The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
John Warren Kindt
The gambling interests like to point to the construction jobs, but those jobs go away
John Warren Kindt
27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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Gambling is a catalyst for economic downturn
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My bottom line is this is no time to be gambling with our economy
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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
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Movies and Disney World don't create addicts
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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
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When governments legalize and encourage gambling, they are creating addictions among their citizens
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Another threat to stability is the rise of Internet gambling
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