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Re: [sharechat] More Property Thoughts (was [Stock guru comp]-


From: "tennyson@caverock.net.nz" <tennyson@caverock.net.nz>
Date: Wed, 13 Feb 2002 21:14:29 +0000


Hi hugh,
>
>
>I used to hold some Sky City inherited from my father but I had 
>these nagging moral scruples about people being sucked into an 
>addiction they were unable to get out of and I felt more and more 
>uncomfortable about owning SKC so I sold them.
>
>
I think we've had this 'moral' share debate before on sharechat, so I 
don't really want to reignite it.  Personally I am of the view that 
most businesses are morally neutral and it is only when you consider 
an individual customer interaction that morals come into it.   

I've been to a Casino a couple of times, had a meal, put a few coins 
in the slots (that I could afford to lose) and walked out.  For every 
'problem gambler' at the Casino (whatever that means) I'd guess there 
would be 99 who walked into the Casino like I did and walked out with 
no problems.   So would you deny me as part of the 99 others a good 
night out because of the one?

I'm not denying that problem gambling exists.  Indeed I know SKC 
set aside money each year to help out problem gamblers.   But if you 
do go to a casino you make the decision to walk in there voluntarily. 
 The casino doesn't drag you in off the street!    Most people have 
enough personal responsibility to set themselves a limit.  There are 
those that don't, but then taking away the casino is unlikely to 
solve those people's problems.  And in the odd case where it might 
the casinos do have the ability to ban people from entering. 

SNOOPY

disclosure: Hold SKC, sleep soundly at night.



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