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the answer is to not bail people/banks out in these circumstances not to prevent people from making choices in how they wish to spend their money.
^^^^ This !
The banks and insurance company's new full well what they were doing.. And when they were bailed out and used it to give themselves bonuses.
When you have a limited income and only so much in the bank, its your choice to either save your money or spend it stupidly.. But No one should have to pay for you poor decisions if you make them
The banks and insurance company's new full well what they were doing.. And when they were bailed out and used it to give themselves bonuses.
When you have a limited income and only so much in the bank, its your choice to either save your money or spend it stupidly.. But No one should have to pay for you poor decisions if you make them
but that's beside the point - we allow people to declare bankruptcy, and that's not going to change.
No, but there's no reason to give an addict an easier way to get a fix.
there is a reason. its called doing business. its the "addicts" choice whether or not they want to use. its nobody else's obligation to limit their choices so they dont hurt themselves.
but that's beside the point - we allow people to declare bankruptcy, and that's not going to change.
so because we allow people to declare bankruptcy, we should start getting more involved in how people spend their money? if i see someone buy a new car, im going to ask to see their financial information!
Whatever your throughts are about this, I'm willing to guarantee that once this starts you're start hearing about more people losing their homes, jobs and families due to being addicted.
In reality a gambler never hits the big one and is always oh so close...
They are free to gamble or not gamble. The choice is theirs. Gambling is not an addiction, it is a character defect. The defect exists regardless of the various opportunities that exist to satisfy the compulsion. And there is always some opportunity to act on the compulsion.
This a pipe dream, you have new gambling websites going up against established offshore operators that have name recognition. I doubt NJ Casinos gambling websites will even break even the first few years of operation. I don't think there's going to be a surge in internet gamblers just because it's now legal in New Jersey. Most of people that are gambling online already have there favorite place to do it.
Also I would like to know how they came up with those figures. If we assume Internet Gambling revenue is taxed at the same rate as the Atlantic City Casino's revenue (8%) the casino's would have to earn 2.5 billion dollars in revenue and given that casinos have to give some of there income back in earnings, (around 95%) they are suggesting People that are in New Jersey alone will be wagering 50 billion dollars over the course of the year. Atlantic City earns 3 billion dollars a year on gambling with there casino's now, they are suggesting the gambling market can almost double with Internet Gambling?
If Revel taught us anything is, "We build it, they will come" mentality is faulted.
I have no idea where they get the figures from, that's just what they quoted the anticipated impact would be. I believe that they think the opportunity is to capture NJ gamlbing dollars that are being lost to "over the border" casinos in PA and NY. Basically people who want to gamble, but want it to be convenient and with AC as the only option in state, they were simply going to the nearest option.
I don't know if it will turn out to be a major revenue maker or not. I'm not much of a gambler, but when I do gamble, I much prefer the face-to-face experience of being at a table whether it is poker, blackjack, roulette, whatever. I personally don't understand people who gamble online with real money, mainly because I don't see the appeal of doing it.
You have no edge online. You'll lose your money much faster.
What would that player's edge, or lack of one, be in live play as opposed to online play?
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