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Saturday, November 02, 2013

'In New York Casino Vote, a Dance With Temptation'

Robert Frank:

In New York Casino Vote, a Dance With Temptation, by Robert Frank, Commentary, NY Times: In the 48 states that permit at least some form of commercial gambling, lively debate continues over the industry’s relentless efforts to expand. On Tuesday, New Yorkers will vote on a proposed constitutional amendment that would permit up to seven new full-scale gambling casinos in the state. (The state’s five existing casinos are confined to Indian reservations.)
Gov. Andrew M. Cuomo argues that the amendment would create jobs, increase school aid and lower property taxes. And, yes, it would do all those things. But it’s still a bad idea. Other strategies would accomplish the same goals more effectively, without the disastrous spillovers that invariably accompany expanded gambling. ...
If casino gambling were expanded, most New Yorkers wouldn’t be directly affected. Even in places that already have it, only a small proportion of people become problem gamblers. But much the same could be said of crack cocaine. If it were legal, most people wouldn’t even use it, much less become addicted to it. But in both cases, the number who would become addicted, though small in proportional terms, would be disturbing. If governments shouldn’t raise revenue by sharing revenue with sellers of crack cocaine, why should they enter similar pacts with casino operators? ...

    Posted by on Saturday, November 2, 2013 at 02:07 PM in Economics, Taxes | Permalink  Comments (22)


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