| Author |
Topic:
From a purely economics point of view, does gambling harm a society/economy? [Locked] |
Ashmaele  Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
|
Date Posted:
1/1/00 12:00am
Subject:
From a purely economics point of view, does gambling harm a society/economy? |
ZigmundZag posted:
Ashmaele posted:
Anyway, my question was more on the strict economics behind the spending than the ancillary behavioral issues.
Then you're fishing for an answer you already know.
Not really. What I'd like to know and I have never seen studied is whether or not gambling is economically stimulative (as every single would-be casino owner claims) or if it serves to economically drain a region of its resources. While there is no doubt that the problem gambler is a net loss (at least in my mind) I wonder if there are better uses for Bob's money than handing it over to the casino every week.
-----signature-----
I had a dream. It was an incredible dream. When I awoke, I had a huge mess to clean up.
|
theredkay1  Posts: 611
Registered: 2008-5-16 10:37:09
|
Date Posted:
1/1/00 12:00am
Subject:
From a purely economics point of view, does gambling harm a society/economy? |
|
At a high level its no different than any other expense.
His $400 loss each month ends up in the pockets of casino employees, producers of gaming equipment, food providers and the thousands of other suppliers for the casino industry...
If this additional investment spurs productivity improvements from the casino or their suppliers....then society is a little richer.
There are alot of value judgements that will go into this as well....to get a harmful economic outcome you would have to show this causes a decrease in productivity for the economy....maybe thats possible and gambling causes damage to the employee base of the economy, but I doubt it.
|
|
|
Date Posted:
1/1/00 12:00am
Subject:
From a purely economics point of view, does gambling harm a society/economy? |
I don't think gambling hurts a society, it benefits it instead. Look at how much money has went to education and other programs from the lottery.
-----signature-----
Eat the rich.
pho is pronounced closer to fuh than foe. as in fuhk you.-Yuki
|
|
|
Date Posted:
1/1/00 12:00am
Subject:
From a purely economics point of view, does gambling harm a society/economy? |
PhillsburyBandit posted:
I don't think gambling hurts a society, it benefits it instead. Look at how much money has went to education and other programs from the lottery.
Don't be a n00b, as the lottery funds programs the state cuts existing funding for those programs. There is no net financial benefits to either roads or education from lottery proceeds.
-----signature-----
I radiate more heat than light.
I know what you're trying to do but you're just sailing another failboat over the falls. - imaloon1
|
|
|
Date Posted:
1/1/00 12:00am
Subject:
From a purely economics point of view, does gambling harm a society/economy? |
Eager_Igraine posted:
PhillsburyBandit posted:
I don't think gambling hurts a society, it benefits it instead. Look at how much money has went to education and other programs from the lottery.
Don't be a n00b, as the lottery funds programs the state cuts existing funding for those programs. There is no net financial benefits to either roads or education from lottery proceeds.
The point I'm trying to make is that when gambling is regulated and organized it helps the economy instead of harming it.
-----signature-----
Eat the rich.
pho is pronounced closer to fuh than foe. as in fuhk you.-Yuki
|
Ashmaele Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
|
Date Posted:
1/1/00 12:00am
Subject:
From a purely economics point of view, does gambling harm a society/economy? |
Eager_Igraine posted:
PhillsburyBandit posted:
I don't think gambling hurts a society, it benefits it instead. Look at how much money has went to education and other programs from the lottery.
Don't be a n00b, as the lottery funds programs the state cuts existing funding for those programs. There is no net financial benefits to either roads or education from lottery proceeds.
This is pretty much exactly what happened in Florida.
-----signature-----
I had a dream. It was an incredible dream. When I awoke, I had a huge mess to clean up.
|
Yukishiro1 Posts: 3,243
Registered: 2002-9-20 23:52:57
|
Date Posted:
1/1/00 12:00am
Subject:
From a purely economics point of view, does gambling harm a society/economy? |
|
There's no answer in the abstract.
The damage gambling does is the same sort of damage that drugs do. When people spend more money than they can afford to spend it hurts the economy in the long run. Drugs (including alcohol) and gambling happen to be two areas that seem more prone than most to people being unable to control themselves and spending themselves into a hole.
But it could potentially be anything. I'm sure some people spend themselves out of house and home because they're addicted to buying baseball cards.
|
Azure-TheBlueOne  Title: Made in Alaska
Posts: 319
Registered: 2003-2-24 19:25:37
|
Date Posted:
1/1/00 12:00am
Subject:
From a purely economics point of view, does gambling harm a society/economy? |
Sin_of_Onin posted:
Addiction harms the society. The guy who is simply gambling for entertainment... not so much.
This.
Moderation and balance in all things are often undervalued keys to a good life.
-----signature-----
"When the government scares people into thinking it must take their liberties away,
and the people let the Government do it.
They are sheep."
- Judge Andrew Napolitano
http://www.leap.cc/cms/index.php
|
Taliesihne Title: Wind on the Deep Waters
Posts: 1,117
Registered: 2004-2-19 04:47:59
|
Date Posted:
1/1/00 12:00am
Subject:
From a purely economics point of view, does gambling harm a society/economy? |
Without the proper controls in place, legal gambling can be harmful to a society or economy.
Look at the last economic meltdown for evidence thereof.
If it is regulated properly, I'd argue it's actually beneficial to society.
-----signature-----
Jesus saves, Allah protects, and Cthulhu thinks you'd make a nice sandwich
First comes smiles, then lies. Last is gunfire. -Roland Deschain, of Gilead
|
-Espiritu- Posts: 269
Registered: 2004-11-29 18:27:00
|
Date Posted:
1/1/00 12:00am
Subject:
From a purely economics point of view, does gambling harm a society/economy? |
lets not forget the economic efficiency with which casino's in our blighted urban areas are able to recycle government transfer payments back to the government through taxes.
You should see Potowatomi Casino in downtown Milwaukee when the gubmint checks come. 2-3 people waiting to sit down at a slot machine. $1000 social security disability check, put into a slot machine, knowing that they will still be able to eat on their WIC cards... and that their section 8 housing isn't going anywhere.
-----signature-----
Espiritu - SWTOR (retired)
Espiritu (MajorMUD, UO, DAoC, SB, FFXI, WoW, WAR, Travian, SC2, SWTOR)
|
|
