MN-Troy
Rookie
Posts: 183
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« on: September 27, 2004, 08:59:01 PM » |
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From my viewpoint, the lottery, the casino, and other forms of gambling are wastes of money. A person might win in the short-run, but the odds are against the person in the long run. If someone wants to waste money where the odds are certainly stack them, then who am I to impose any restrictions? But I do have issues about the economic benefits (example: tax) of legalized gambling.
Gambling is done by all economic classes, but it adversely effects the lower-income people, and that economic group is more susceptible to the 'get rich' quick scheme of gambling. And since lower income people statically will gamble more, the taxation of gambling is unfairly regressive. Add to that with gambling losing its luster after a while, the tax revenue generated is not consistent. In my opinion, the economic costs outweigh the economic benefits.
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