Heavy Lifting - thoughts and web finds by an economist
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Sunday, January 18, 2009
The recession is so dire that elected officials in some states are dropping their long-standing opposition to gambling and considering ways to expand gaming or allow it for the first time.How pathetic.
It makes sense though, doesn't it? Gambling attracts a certain crowd of "undesirables." Cities and states who wish to repel that crowd have to incur the costs associated with banning gambling, specifically the associated tax revenues.Post a Comment
It would be interesting to map gambling regulations by state real GDP to see if gambling regulations get looser as the tax-base decreases.
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