I do believe that they should legalize and tax gambling. There is a lot of money to be made from gambling and the taxation placed on it. There are plenty of other countries that benefit from having gambling legal. People go to lass Vegas and Biloxi to gamble, so if gambling is legal they would spend a lot on it.
By legalizing and taxing gambling it will provide another revenue stream for the government in their quest to balance the budget. Gambling should be taxed just like other vices such as alcohol and tobacco. Perhaps by legalizing and taxing gambling people will take it a little more seriously. By taxing gambling perhaps it will provide enough revenue so that other areas that are currently taxed (i.e. food) can either be reduced or removed which will lighten up the tax burden on the low economic group.
Gambling happens. Whether the government says it is legal or not, it still occurs under the table. The best thing that the government can do is legalize it, create regulations for fairness and safety, and tax it. It is similar to the idea of prostitution in Nevada. It is going to go on no matter what the law says - you can't prevent it. The best thing you can do for peoples' safety is to legalize, but regulate it.
Gambling should be permitted as it is in Las Vegas, Nevada where it is highly regulated and only allowing people aged 21 or over to be able to gamble. With the taxation of casinos being permitted to set up shop will definitely increase the tax revenue and promote tourism for the area. Although that the legalization of gambling can bring corruption and a rise of crime I believe that it can be permitted with extreme penalties for people who choose to do right from wrong.
Gambling is a source of entertainment and time pass . It can raise economic status of a state e.g. las vegas , And foreign tourist can be attracted..I.E, tourism development and it is the individual right . It was practised by our ancester so no doubt we also can follow it..
Gambling shouldn't be allowed in other places because that would mean higher taxes, gambling rates, even an increase in drinking alcohol. Studies show that when people go to casinos, more than likely half would have at least one alcoholic beverage that night. Studies also show that the more people gamble the higher the amount of debt that person would have.
Gambling is the betting of money on an outcome that is wholly or largely random. It includes things like bingo, roulette, raffles, lotteries, scratch-cards and slot machines.
Some definitions of gambling would not include activities like betting on horse racing – as this arguably involves a large element of knowledge and skill to predict what is likely to happen. Card games are a grey area. Some card games, such as poker, have a considerable element of skill. It is therefore arguable that they should not be considered gambling. Other card games are largely a matter of luck. The precise legal definition of gambling varies from country to country.
Why will people gamble if they have a 75% chance of losing and have to pay a tax on top of that, too? If less people gamble, then there will be less problem gamblers or, more well known as, gambling addictions, so less people will lose everything. Isn't that what a society wants?
No one is hurt by gambling except the gamblers themselves, should they lose. Since no one is being raped, robbed or murdered, why is gambling even a matter of law instead of private choice? Laws should only be about things that affect others such as violence, robbing or defrauding people.
Through the use of taxation with gambling, much more money would be put back into the economy and we would be able to fund many other important government projects with the money created by the taxation. This would save Americans millions of dollars and help this country get out of debt.
• Legalizing gambling can affect young children a lot. Since it can get a person a lot of money in an easy way, young children may follow the wrong path.
• Gambling becomes addictive very easily. This leads to a lot of debts. Family problems occur and there are fights in the house.
• Even though gambling may get a lot of money, if a person looses, social impact is heavy.
• Citizens should be encouraged for better things rather than legalizing gambling. Gambling undoubtedly may generate a lot of revenue; legalizing gambling will make people loose their savings in the thirst of earning money the easy way.
• Legalizing gambling would also attract people who didn’t gamble at all!
• Gambling may lead to political corruption as well.
Gambling is limited to certain places because each state should be the decider regarding what activities are legal there. Many states have decided that gambling is not something they want in their state, or they only want it in certain places. Gambling can be a huge drain on the resources of the poorest people in a state. The state, through its social services, must support those who are the poorest, and gambling can create more poor. The casinos are set up to win more than they lose, so the odds are against the individual gambler. Where gambling is legal, it is taxed, but this it not enough to outweigh the drain on society in general.
The loss associated with gambling far outweigh any benefit. The loss out weighs any monetary benefit that would be gained from the revenues gathered through taxation. The cost of gambling addiction alone would far outweigh any benefits of legalizing gambling. It is a documented fact that lotteries and other gambling enterprises hurt those who are unable to afford to gamble. Those loss of food and diaper and money for necessities to gambling is destructive to the family. That is another reason why legalizing gambling is not beneficial.
When my dad was working he would go to a lot of poker games. Somewhere along the line I figured out that "winning" a game was a way of paying a bribe without having it called a bribe as such, sort o a businessman's prostitution. In the very nature o gambling people attempt to use money to influence others without actually doing work as such. There's no way someone who has to pay a bribe can complain to the law as it is: "He made me lose at poker!" Adding taxes will only reduce people's willingness to talk about the use o gambling to get jobs done that really should not be done.
All forms of gambling and casinos should be illegal. Gambling unevenly distributes the wealth from the poor to the rich casinos. If the population of people who gambled got more money from winning at the casinos, then the casinos would be in business very long now would they? In order for casinos to make money, they have to take it from the hard working stupid people who choose to gamble it away. They then proceed to complain about how the "1%" has all the money and they don't when they just gambled all their money and fed the large casinos.
Legalizing gambling will just affect your family and grow gambling addictions many people can lose there families and maybe there job . And there economy levels may drop because the addiction to gambling this are some reasons i think we shouldnt legalize gambling you dont want to lose everything for a stupid reason .
A lot of people who gamble do not spend much time - if any time- with their family. There a no windows or clocks in casinos. People will stay at the casino for hours, even over night, before they exit the casino. That is already time lost.
To other people, more serious things can happen. Gambling obsessively can lead to divorcement. Once you get divorced, you will not be able to find a family, for the same problem may occur.
Some people can go even more extreme. They may get the idea to commit suicide if they keep losing their money, but cannot stop themselves from gambling. When I was a little younger, I saw on the news that a man obsessed with gambling killed not only himself, but he drowned his kids in the bath and shot his wife. After hearing this, I was wondering why the law still existed.
And although no everyone who gambles is obsessed, the people who are obsessed will be putting other people in danger.
I am writing an informative essay on the effect of gambling in many different societies. I have found some of my research rather shocking. Gambling is the source of problem gamblers, these gamblers feed off of society for benefits that they soon lose again. Problem gamblers effect their families mentally, physically, and can plunge them into debt. I'm not saying all gambling is bad, it is a fun recreational activity I enjoy participating in. I just believe that there should be some restrictions.
Economists generalize that the value of a good or service is roughly equivalent to the human labor used to produce that good or service. For example, the value of an oak plank is equivalent to an apportioned share of the labor used creating tools, harvesting timber, milling and drying, etc. This coupled with the law of supply and demand places natural tradable value on a good or service. When a product or activity does not support the economy in a manner that may be equitably traded, the imbalance leads to an exchange of currency without a fair benefit to both parties.
So what about the value of entertainment? Why isn’t gambling simply a form of entertainment just like enjoying a concert or a day at Disney World? The answer is that the latter forms of entertainment may be roughly equated the human effort employed whereas the gambling cost is often many times the value that the participant receives. “But, what’s the problem”, one protests, “It’s my money and I enjoy gambling immensely.” This is probably the best argument in favor of gambling for those that fall into such a category. However, how many people are ruined by the pastime realizing too late that they have a personality wired for gambling addiction? An 85 year old neighbor recently confessed that he is losing his home due to excessive gambling. A New Jersey casino would send limousines to New York to pick him up and as he put it, “I’m a small player”. Small yes, but all it took was a few thousand dollars per month. The casino came out way ahead and the neighbor enjoyed the play and flattery for a few years. Now, of course, he is regretful; sick at heart and flat broke.
Then there is the off shore investing. Foreign interests invest largely in gambling. Why? Because it pays big! Our people here in the states work hard milling and marketing that oak plank in the example and earn a wage somewhat equivalent to the activity (well more or less; probably less). However, the wage is traded for a service (gambling) that offers no fair, equitable trade. The result is that the labor of milling the plank has been handed over to a foreign interest. The substrata commercial activity has been interrupted. Commerce, the very core of our US constitution has been usurped.
This is not a sustainable practice and we will ultimately suffer as a people. On the other hand, it is also possible that “water will seek its own level” and those mostly afflicted with gambling addictions will continue to find a way to gamble (either here or in another state), while those part time gamblers will lose interest due to oversaturation of the market. The risk remains that those not normally inclined may by convenience be led into a damaging life of gambling; a life they might not otherwise have known.
Look at the poll here. 82% in favor. Gambling is coming to NY!
Many people say that by legalizing gambling it will boost the budget, or economy, etc. No it will not. Actually, it would make the economy go down, making America's debt even more deep.
When people gamble, it is more likely that it will get into a habit. Same with my father, who started out losing $10 a week, but now, probably hundreds of dollars, never even winning a penny. Yes, I agree with the fact that the government should not dictate what the people can or cannot do. But by legalizing gambling, is almost like encouraging the public that it is okay to gamble, which it is not, because any people will end up like my father.
Therefore, many gambling addicts will become unemployed. They are too busy on gambling that they cannot concentrate at work, or will take time off to do so. Then, wouldn't the government and the people be spending even more money to support the increased unemployed. Also, what are the chances that these unemployed gambling addicts stop gambling at that stage? Many will still continue to gamble, in hopes of winning back what they have lost.
It is pretty sad that people would even think that gambling should be legalized. It crushes families (lies, fights, not enough money for family, etc), and increases the unemployment rate. If gambling was legal, society would simply go out of control.