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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
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
My bottom line is this is no time to be gambling with our economy
John Warren Kindt
Bankruptcies increase 18 percent to 42 percent above the national average
John Warren Kindt
There would be economic disruption in Omaha from expanded gambling...You would just be moving Chernobyl closer to the population center
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
$60,000 spent in a consumer economy multiplies by respending into $180,000
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
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
Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt
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
27 percent to 55 percent of casino revenues come from problem or pathological gamblers
John Warren Kindt
Studies in Australia have verified this drain on the economy by video gambling machines
John Warren Kindt
Your social costs, your costs to the taxpayers, are $3 for every $1 of benefits, it's not good economic development
John Warren Kindt
If you want your 401k to come back, recriminalize gambling
John Warren Kindt
The social costs, and the increased tax costs due to addicted gamblers, stay behind
John Warren Kindt
Gambling is being subsidized by the taxpayers
John Warren Kindt
For every slot machine you add, you lose one job per year from the consumer economy
John Warren Kindt
We beat the Great Depression without lotteries and legalized gambling
John Warren Kindt
Gambling is a catalyst for economic downturn
John Warren Kindt
Movies and Disney World don't create addicts
John Warren Kindt