Navigation Links
Ban on betting would boost ailing economy, gambling critic says
Date:9/23/2008

CHAMPAIGN, Ill. Congress should resurrect the nationwide gambling ban that existed through most of the 20th century to help soothe a fragile U.S. economy shaken by the worst credit and financial crisis in decades, a University of Illinois professor and national gambling critic says.

John W. Kindt argues that gambling is a multi-billion dollar drag on the economy, not the moneymaking boost touted by supporters. Cash merely changes hands from bettors to casino owners, he says, creating no products or anything else of value.

If the estimated $100 billion now spent annually on gambling mostly slot machines went into consumer spending instead, economic models show it would generate more than $300 billion for the nation's slumping economy and create jobs and services, said Kindt, a professor of business and legal policy. He says Congress should also repeal more than $40 billion in tax write-offs for slot machine owners.

A ban also would save hundreds of billions in costs to society stemming from gambling addictions, bankruptcies and crime that studies show increases when casinos open, he said.

"No. 1, a ban would pump prime the economy," Kindt said. "No. 2, it would lower pressure on taxes because you wouldn't have as many new addicted gamblers, bankruptcies and crime. So you're eliminating substantial social costs, you're improving quality of life overall and as John F. Kennedy said, 'a rising tide lifts all boats.' "

A ban would not solve the lingering economic turmoil that has left the nation teetering on the brink of recession, said Kindt, who has studied gambling since Illinois first allowed riverboat casinos nearly two decades ago.

"But it's a step in the right direction and would halt the spread of gambling that is destabilizing world economies and financial markets," he said.

"It also would send good economic signals to less stable countries that they can't gamble their way to prosperity."


'/>"/>
Contact: Jan Dennis
jdennis@illinois.edu
217-333-0568
University of Illinois at Urbana-Champaign
Source:Eurekalert

0

GOOD

Page: 1 2 3

Related medicine news :

1. Proposed Assisted Living Regulations Would Allow Facilities to Rent Inaccessible Rooms to Persons Who Use Wheelchairs or Walkers
2. During the Recent Chino Based Earthquake Did You Know What to Do? The City of Burbank Senior Services Division and the National Alliance For Healthy Communities Would Like to Help.
3. Public Interest Groups Back Federal Court Appeal to Implement New U.S. Patent Rules; Proposed Regulations Would Curtail Abusive Behavior by Patent Applicants
4. A High-Density Lipoprotein Raising Drug That Has a Lower Discontinuation Rate Than That of Extended Release Niaspan Would Earn a 20 Percent Patient Share in the Dyslipidemia Drug Market
5. Chair, Ranking Member of U.S. House Judiciary Committee Urge DOJ to do Careful Study of Environmental Record of Vedanta/Sterlite, Other Would-Be Buyers of ASARCO
6. U.S. Senate to Vote Today on Legislation That Would Cut $96 Million From the Medicare Advantage Program in Alabama
7. Disaboom Survey Reveals 52 Percent of Americans Would Rather be Dead Than Disabled
8. Economist Finds Highmark/IBC Merger Would Result in 70 Percent Share in Pennsylvania, Far Higher Than Initial Reports
9. Healthier Lifestyles Would Lengthen American Lives
10. 98% of Elective Mastectomy Patients Would Have Reconstruction Again, Says ASPS Study
11. 98 percent of elective mastectomy patients would have reconstruction again, says ASPS study
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/19/2013)... Alonso Krangle LLP a dedicated law firm , ... on behalf of a-24-year-old financial analyst rendered quadriplegic as a ... accident lawsuit, which was filed in the Supreme Court for ... the property out as a bathing beach, but posted absolutely ... No. 34556/12) , According to the diving accident lawsuit complaint, ...
(Date:5/19/2013)... Seven-year-old Torin Phillips and his 6-year-old sister, Kaia, ... of autism. The two siblings, who live just outside ... therapy (ABA) from the Center for Autism and ... effective treatment centers using evidence-based, state-of-the-art therapy. , At ... answer to his name, and had little interest in ...
(Date:5/19/2013)... May 19, 2013 Daily Gossip reporters have ... 17 Cheat Foods That Burn Fat to a close ... , The review is a detailed explanation ... the writer's recommendation. , The two nutritionists have discovered during ... responsible for the caloric intake and expenditure of our body, ...
(Date:5/19/2013)... GA (PRWEB) May 19, 2013 ... the National Council of Asian Pacific Physicians (NCAPIP), ... of the National Association of Chronic Disease Directors ... status of health systems, diabetes, and non-communicable diseases ... , The assessment, published in the Hawaii Journal ...
(Date:5/19/2013)... Although spring arrived late this year in parts of ... be strong, according to a sinus expert at the ... clinical professor in the university,s division of otolaryngology, said ... allergy season. However, some simple strategies can help people ... added. "Tree pollen has been bad for several ...
Breaking Medicine News(10 mins):Health News:Alonso Krangle Files Diving Accident Lawsuit on Behalf of Suffolk County Man Rendered Quadraplegic in Tragic Diving Accident at Long Island Beach 2Health News:Alonso Krangle Files Diving Accident Lawsuit on Behalf of Suffolk County Man Rendered Quadraplegic in Tragic Diving Accident at Long Island Beach 3Health News:Boston Brother and Sister Battle Odds to Overcome Autism with Help from Center for Autism and Related Disorders 2Health News:Boston Brother and Sister Battle Odds to Overcome Autism with Help from Center for Autism and Related Disorders 3Health News:Boston Brother and Sister Battle Odds to Overcome Autism with Help from Center for Autism and Related Disorders 4Health News:The "17 Cheat Foods That Burn Fat" Review and Diet Plan Secrets Revealed by Daily Gossip 2Health News:Pacific Island Public Health Group Declares Diabetes at Pandemic Proportions 2Health News:Pacific Island Public Health Group Declares Diabetes at Pandemic Proportions 3Health News:Managing Seasonal Allergies 2
... replacement care, according to Dr. Xueya Cai and colleagues ... work, published online in Springer,s journal Clinical Orthopaedics and ... likely than Caucasians to receive total knee arthroplasty (or ... is widely performed in patients of all races with ...
... , TUESDAY, Sept. 13 (HealthDay News) --,Two decades after the ... abnormalities in their brains that in some cases have even ... part of a debilitating disorder known as Gulf War illness. ... to be caused by exposure to neurotoxins and nerve gas. ...
... study finds that infections following cardiac device implantations or ... in terms of patient mortality, even months after affected ... led to 4.8 to 7.7-fold increases in admission mortality, ... 4.0-fold increases in hospital length of stay, and 1.4 ...
... Chicago Many patients are responding to a new, ... out the bad cells. Atrial fibrillation (A-Fib) is one ... arrhythmia affecting Americans. However, new research shows that 70 ... with cryoballoon ablation, the freezing technique, are free of ...
... Steele HealthDay Reporter , MONDAY, Sept. 12 ... help people with mild memory problems or early Alzheimer,s ... small study suggests. But, the study authors added, ... therapy will actually benefit patients. Alzheimer,s disease, the ...
... WINSTON-SALEM, N.C. September 12, 2011 A year ... listening to doctor,s orders when it comes to taking ... of Wake Forest Baptist Medical Center shows. However, there ... "Medication non-compliance is a major risk factor for stroke ...
Cached Medicine News:Health News:Does race dictate quality of care? 2Health News:Brain Blood Flow Abnormalities Persist in Gulf War Vets 2Health News:Costs, mortality skyrocket following infection in cardiac device recipients 2Health News:Freeze and desist: Disabling cardiac cells that can cause arrhythmia 2Health News:Insulin Spray May Improve Alzheimer's Symptoms 2Health News:Insulin Spray May Improve Alzheimer's Symptoms 3Health News:Researchers focus on secondary stroke prevention after study reveals room for improvement 2Health News:Researchers focus on secondary stroke prevention after study reveals room for improvement 3Health News:Researchers focus on secondary stroke prevention after study reveals room for improvement 4
(Date:5/17/2013)... , May 17, 2013  ConvaTec today announced that it will report ... Ken Berger , CEO, and Ed Borkowski , ... live via telephone. To participate in the conference call ... To participate in the conference call outside the U.S. and ... conference ID is 72195398. Participants should dial in 10 minutes ...
(Date:5/17/2013)... Fla. , May 17, 2013 Fuse Science, ... delivery technology company that is developing new, patent-pending technologies poised ... announced today that it will hold a business update teleconference ... May 22 nd , 2013 at 4:30 PM ET. ... will host the call and will be joined ...
(Date:5/17/2013)...  Atossa Genetics, Inc. (NASDAQ: ATOS ), The ... , Chief Financial Officer & General Counsel, will present ... May 30, 2013, in New York City ... Company,s presentation is scheduled to begin at 3:30 p.m. EDT ... the webcast, go to www.atossagenetics.com . For ...
Breaking Medicine Technology:Fuse Science, Inc. to Hold Business Update Webcast and Teleconference on May 22nd 2Atossa Genetics to Present at the Second Annual Marcum LLP MicroCap Conference 2Atossa Genetics to Present at the Second Annual Marcum LLP MicroCap Conference 3
... May 27, 2011 CVS Caremark Corporation (NYSE: ... awarded a three-year contract to provide integrated pharmacy benefit ... Service Benefit Plan, also known as the Federal Employee ... Company will continue to provide FEP,s clinical programs and ...
... Kluwer Health today announced that it has completed the ... information and clinical content for pharmacists, clinicians and hospitals ... of strategic acquisitions Wolters Kluwer Health has made in ... strong focus on the point-of-care market. ...
Cached Medicine Technology:CVS Caremark Awarded Integrated 3-Year Blue Cross and Blue Shield Federal Employee Program (FEP) Contract 2Wolters Kluwer Health Completes Acquisition of Lexi-Comp, Inc. 2Wolters Kluwer Health Completes Acquisition of Lexi-Comp, Inc. 3
... evanescent wave imaging system utilizes an ... in the thin section in contact ... This unique design permits simultaneous mounting ... systems, with no restriction on their ...
... color imaging camera system designed for ... performance, megapixel digital cameras provides high-resolution, ... them on a PC via its ... "live" previewing capability is accompanied by ...
... Tech GT-Capture digital camera photomicrographic system can ... such as Olympus, Leica, Nikon, and Zeiss, ... transferring images over the Internet easy and ... a performance-proven Nikkor lens. The system records ...
... Digital camera systems for optimum image quality ... low light, color digital camera system is ... light is available. State-of-the-art electronics create bright, ... The high dynamic range offered by the ...
Medicine Products: