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Will Government's next Tax Rebate/Economic Stimulus be a Windfall for Gambling Casinos?
Would it be more prudent next time “U.S. Government Tax Stimulus Rebates” be “government vouchers” that can only be used to pay for food, housing, utilities, medical bills, e.g., important primary needs?
Would the American Economy be better off if Americans received “Government tax rebate vouchers” that can’t be spent gambling?
Recently Democrat Harry Reid among other Democrats announced they want Congress to approve a “Second Rebate Stimulus Plan” that might include giving billions of U.S. Taxpayer dollars to Americans to help the economy. But could those tax dollar rebates end up in the hands of businesses that don’t help the U.S. economy recover as well as other businesses. For instance, major media has failed to seriously address how much casino gambling in Nevada and other states might have contributed to home foreclosures. Media has not asked loudly enough: did millions of Americans nationally write checks against their home-equity to cover gambling losses on slot machines and other forms of gambling? After home values dropped did casino profits precipitously drop because gamblers lost credit lines? Nationally were gambling casinos big recipients of the Government’s first “economic stimulus rebate” that sent $300-$600 checks to millions of U.S. Citizens: If yes, should federal government next time act to protect U.S. Citizens from losing their “economic stimulus rebates” at gambling casinos and other forms of gambling?
Would it be more prudent next time “U.S. Government Tax Stimulus Rebates” be “government vouchers” that can only be used to pay for food, housing, utilities, medical bills, e.g., important primary needs?
Recently Democrat Harry Reid among other Democrats announced they want Congress to approve a “Second Rebate Stimulus Plan” that might include giving billions of U.S. Taxpayer dollars to Americans to help the economy. But could those tax dollar rebates end up in the hands of businesses that don’t help the U.S. economy recover as well as other businesses. For instance, major media has failed to seriously address how much casino gambling in Nevada and other states might have contributed to home foreclosures. Media has not asked loudly enough: did millions of Americans nationally write checks against their home-equity to cover gambling losses on slot machines and other forms of gambling? After home values dropped did casino profits precipitously drop because gamblers lost credit lines? Nationally were gambling casinos big recipients of the Government’s first “economic stimulus rebate” that sent $300-$600 checks to millions of U.S. Citizens: If yes, should federal government next time act to protect U.S. Citizens from losing their “economic stimulus rebates” at gambling casinos and other forms of gambling?
Would it be more prudent next time “U.S. Government Tax Stimulus Rebates” be “government vouchers” that can only be used to pay for food, housing, utilities, medical bills, e.g., important primary needs?
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Without a doubt the government should issue vouchers to be redeemed at retailers only. Although I highly doubt a large portion nationwide was gambled away, I would venture that people paid off bills with this check.
If vouchers were made to be redeemed for consumer goods ie groceries, appliances, resturants etc, this would generate stimulus nationwide as well as tax revenue in local communities.
It is time for government to start thinking with the end in mind and quit making decisions that will only get people elected or boost popularity poles. I won't look a gift horse in the mouth, but BIG GOVY needs to think before they act.
Did anyone see any metrics measuring "THE EFFECTIVENESS" of the last stimulus checks? I didn't. Lets quit handing out imaginary government money that we probably don't have unless we know it will do some good.
Adam
If vouchers were made to be redeemed for consumer goods ie groceries, appliances, resturants etc, this would generate stimulus nationwide as well as tax revenue in local communities.
It is time for government to start thinking with the end in mind and quit making decisions that will only get people elected or boost popularity poles. I won't look a gift horse in the mouth, but BIG GOVY needs to think before they act.
Did anyone see any metrics measuring "THE EFFECTIVENESS" of the last stimulus checks? I didn't. Lets quit handing out imaginary government money that we probably don't have unless we know it will do some good.
Adam
See news article:
INSIDE GAMING: Stimulus may go out of pockets, onto felt
4 February 2008
by Howard Stutz, Benjamin Spillman and Arnold M. Knightly
Las Vegas Gaming Wire
LAS VEGAS, Nevada -- Will the economic stimulus package now being debated in Congress amount to a windfall for the nation's casino industry?
http://66.218.69.11/search/cache?ei=UTF-8&p=Economic+Stimulus+be+a+Windfall+for+Gambling+Casinos%3F&y=Search&xa=h.bPGHdzho0XtvXKJnmOWQ--%2C1225211757&fr=att-portal&u=http://www.rgtonline.com/Article.cfm%3FArticleId%3D77574%26CategoryName%3DNews%26SubCategoryName%3D&w=economic+stimulus+windfall+gambling+gamble+casinos+casino&d=VL0dtULURj_B&icp=1&.intl=us
INSIDE GAMING: Stimulus may go out of pockets, onto felt
4 February 2008
by Howard Stutz, Benjamin Spillman and Arnold M. Knightly
Las Vegas Gaming Wire
LAS VEGAS, Nevada -- Will the economic stimulus package now being debated in Congress amount to a windfall for the nation's casino industry?
http://66.218.69.11/search/cache?ei=UTF-8&p=Economic+Stimulus+be+a+Windfall+for+Gambling+Casinos%3F&y=Search&xa=h.bPGHdzho0XtvXKJnmOWQ--%2C1225211757&fr=att-portal&u=http://www.rgtonline.com/Article.cfm%3FArticleId%3D77574%26CategoryName%3DNews%26SubCategoryName%3D&w=economic+stimulus+windfall+gambling+gamble+casinos+casino&d=VL0dtULURj_B&icp=1&.intl=us
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