...I mindlessly noshed on my pinto steak and my pinto beans. Becoming thirsty I mounted my t'rusty' Ford Pinto and went to the store for a pint-o' apple cider to wash it all down. Having properly sated both appetite and thirst I said to myself "BOB" (which is what I often call myself) where can this crazy story possibly take us from here?"...
I get really annoyed when politicians and gambling proponents say that legalized gambling will bring employment and money into the area. I never bought into that argument as, to me, it has always been OBvious that the costs would far outweigh any benefit. I am usually rebuffed and told that the cost are minimal. Well recently I have done some research and here is what I have found:
In reviewing the literature available on gambling, the social costs typically fall into nine groups.
Crime costs: Police, apprehension, adjudication, and incarceration expenditures. There is a definite connection between gambling and crime through pathological gambling, which is defined by the American Psychiatric Association in its Diagnostic and Statistical Manual (DSM IV) as “persistent and recurrent mal-adaptive gambling behavior as indicated by five (or more) of” ten items. Among these behaviors are committing illegal acts such as forgery, fraud, and theft to finance one’s gambling.
Business and employment costs: Lost productivity on the jOB, lost work time, and unemployment-related employer costs (such as retraining workers or searching for replacement workers).
Bankruptcy: Costs on society are typically in the form of legal and other resources expended.
Suicide: Costs on families and the wider society as well as ending the life of despondent gamblers. Bear in mind that insurance policies are typically void if the person covered commits suicide.
Illness related to pathological gambling: Illnesses include stress related sickness, cardiovascular disorders, anxiety, depression, and cognitive disorders.
Social service costs: Unemployment, treatment costs, and other social services and payments related to gambling.
Direct regulatory costs: Government oversight of gambling and the gambling industry.
Family costs: Divorce, separation, child abuse and neglect. Domestic violence is also related to gambling disorders.
Abused dollars: Dollars OBtained improperly but not reported as a crime. Often this is the case because the money or property is stolen by a relative or friend.
Social costs collected from seven studies and adjusted to April 2011 dollars using the CPI-U price index published by the Bureau of Labor Statistics show the average annual social cost per pathological gambler as $9,393 annually. This cost does not account for suicide or government direct regulatory costs as no numbers were available for these two groups.
Other costs not factored into the above studies were the technological externalities not related to pathological gambling.
Costs of lOBbying and corruption
Costs of regulation of the industry
Costs of monitoring the industry
Alleviated money laundering
Regressive effect of gambling (money goes from poor to rich people)
All tolled, gambling looks pretty expensive to me; especially to the families that get sucked into its claws.
Ballou, where he met a bear conveniently selling discount phone plans. Well, always being practical, Uncle Enor went with the "Bare Necessities" plan and then went about tinkering with his wonderful mechanical widget (that had nothing to do with phones whatsoever) to try and figure out what it was and/or could do.
Well...truth is relative...speaking of relatives, did I ever tell you of my Uncle Enor who lived up in the Ozarks (the Oklahoma Ozarks...people ain't quite as touched there)? Seems he found this widget once that went "Zip" when it moved, and "Pop" when it stopped, and, "Whirrr" when it stood still...
I was hoping to gain insight on this topic from AVBB's exceptional familiarity of God's word, but alas, it seems he has left us. Sad, as those of us that OBviously (to AVBB anyway) have such a meager familiarity of the Bible need all the help we can get.
...which has the wonderful secondary attribute of acting as an aspirin, which I am in desperate need of considering the headache I have developed through all this. And so off I go with Jim on a mission to who knows where...