Originally Posted by
BoSox
Blob21 wrote in post # 70:
"APs are providing no value to society when they win their money from casinos. They are basically hurting local economies by indirectly extracting revenue from state and local governments."
First, you want to ignore what I already told you that a good percentage of money won by AP's is re-invested through banks and financial institutions and is used to generate loans by the local economy.
I want to challenge your above quote as it pertains to a large section of the East coast that covers two decades. Specifically the two huge tribes on their own land located in the state of Connecticut and the agreement they have with the State. Both casinos give a large percentage I believe 25% of the slots profits and Zero percent for all table games revenue to the state. Now huge percentages of AP's who went and played and still are playing there played table games resulting in not a loss of a dime to the state due to table wins by AP's. The only money the state itself lost was and still is was to slot AP's and that also is somewhat debateable because when a machine is ready to hit it hits regardless of who is sitting there. So bottom line what you are saying Bob does not apply in all sections of the country.
BLob 21 again in post#70 wrote:
"I want to be clear an AP is not “bad”, just as a welfare recipient is not “bad”. What they are both doing is legal. One gets their money directly from the government, while the other one gets their money indirectly from the government from our government’s voluntary tax centers run by private businesses (casinos)."
That is how you look at it but it is still wrong and you know it. What casinos pay the government is considered an expense just like the electric bill. Part of the cost of doing business period.