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Originally Posted by Alex
So?
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Damnit Alex: you stole my opener.
Quote:
Originally Posted by innerSpaceman
Regardless, it's a move by four rich tribes - filthy rich I might add - to get richer by adding 17,000 more slots to their casinos.
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To quote Alex: So?
Since when is making money a problem? I've never understood that argument. Revenue is being generated, people are employed; where is the harm in that?
Quote:
Originally Posted by innerSpaceman
The two sides on this issue have spent more than $100 million dollars, making it the costliest initiative fight in California history ... maybe in history, period.
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That is great news! That means that they have injected $100 million dollars into primarily the California economy and for certain the US economy. We should be thanking them for the near-term economic stimulus at a time when it is badly needed.
Quote:
Originally Posted by innerSpaceman
Says Cal State San Bernardino economics professor Eric Nilson, "When someone goes to a casino and loses $500, that's money not spent at a local restaurant, at the video store or at a local mall - all businesses that pay state taxes. The casino pays no state or local taxes on that money. This is just shifting money around."
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And what does someone do when they WIN $500? They typically spend it on items that are taxed, thus creating income for the state and local economies. While I concur that there is more money lost at the casinos (be they local or Nevada), the differential is minimal (in the sense that it is not a 10:1 ratio of money lost to money won).
I have yet to hear a solid argument against the propositions that would sway me to vote no on them.