At the mention of Sin City your mind
probably strays to bright lights, expensive call girls and scenes
from the slapstick comedy The Hangover. A less likely image?
How the money you won playing blackjack impacts the state's overall
economy.
Once you get past the bells and whistles, expanded gambling does little to boost state finances. A recent Empower Texans editorial by Michael Quinn Sullivan refutes this. Sullivan places emphasis on “restricting growth of government rather than looking for new ways to grab cash to fund it.” His piece goes on to dissect the poor policy track record of gambling and how it has tarnished the economies of states like Michigan, Louisiana and Illinois.
The act of extending gambling legislature comes with a large increase in regulatory and social service spending, both of which rapidly outpace whatever brief financial gain is obtained by the gambling institutions. According to Sullivan, crony gambling expansion will do for Texas what it has for every other state in which it has been implemented-- lead to a more costly government and increase taxes. Yippee! This article is worth reading for those of you brave enough to evaluate where your tax dollars may be going in the near future.
Once you get past the bells and whistles, expanded gambling does little to boost state finances. A recent Empower Texans editorial by Michael Quinn Sullivan refutes this. Sullivan places emphasis on “restricting growth of government rather than looking for new ways to grab cash to fund it.” His piece goes on to dissect the poor policy track record of gambling and how it has tarnished the economies of states like Michigan, Louisiana and Illinois.
The act of extending gambling legislature comes with a large increase in regulatory and social service spending, both of which rapidly outpace whatever brief financial gain is obtained by the gambling institutions. According to Sullivan, crony gambling expansion will do for Texas what it has for every other state in which it has been implemented-- lead to a more costly government and increase taxes. Yippee! This article is worth reading for those of you brave enough to evaluate where your tax dollars may be going in the near future.
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