When the money is not spent on cars and refrigerators and is instead dropped into a slot machine, it leaves the economy
While advocates of legalized gambling say it brings in revenues needed for education and other uses, it actually has led to higher taxes, loss of jobs, economic disruption of non-gambling businesses, increased crime and higher social-welfare costs
Local competing businesses were thereby losing revenue.
$60,000 spent in a consumer economy multiplies by respending into $180,000
My bottom line is this is no time to be gambling with our economy
The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
When governments legalize and encourage gambling, they are creating addictions among their citizens
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
Legalized gambling is the leading cause of bankruptcy
Gambling drains the economy by taking money away from grocery stores and retail businesses and putting it in the hands of an industry that produces no product
Gambling is a catalyst for economic downturn
Taxpayers would likely be responsible for treating addicts
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
I would hate to see the state of Wisconsin make another mistake and locate another casino in a high-density population area
Bankruptcies will be up 18 to 42 percent around racinos areas tracks as people lose their money
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
It becomes a cannibalization of your pre-existing economy
Then they're like addicts; they can't help themselves... They will steal, cheat, embezzle and commit other crimes just to get money to gamble
Although crime and corruption decreases within a one-mile radius of a casino, it increases 10 percent within a 35-mile radius by the third year the casino is open.
Lotteries boost state revenues in the short run but don't feed the economy in the long run
Crime goes up 10 percent due to the gambling by the third year after racinos or slot machines are open, and then it continues upward after that
We beat the Great Depression without lotteries and legalized gambling
A study in Illinois in the mid-1990s found that 65 percent of businesses were hurt by the proximity of gambling
Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy
What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
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