Forum Archive Index - March 2004

["Woody" <solarmax@optusnet.com.au>]

I really cannot believe that there are people who are stupid or perhaps
nieve enough to claim that gambling has positive benfits to society.
    As my contribution to my social service I counsil people with
addictions, my largest and most pathetic group are those addicted to
gambling. I see people lose their homes, their spouses, their kids. I  see
normally law abiding citizens go to jail for stealing, for abuse etc. ALL
Gambling related. Gambling addictions cost the Australian government
Millions of dollars.

The House Aways Wins!  you do not see Casino's or pokie's going broke.
Pensioners put their whole pension thru them, fathers and mothers put their
whole wages thru them, kids go without clothes, food etc. WE and the
Government must fill the gaps. Saying gambling has a positive contribution
to society to me comes out of the mouths of the same people that claim War
has positive benefits to the world. Give me a world free of Gambling, Give
me a world free of War and THAT will be positive contributions to society.

Gambling has benefits to Society  WHAT A LOAD OF HOGWASH!!!!


Woody


----- Original Message -----
From: "Karyn W" <karyn_in_oz@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, March 16, 2004 3:18 PM
Subject: [sharechat] Gambling stocks are not all bad!


> Hi
> I would like to point out that gambling companies contribute positively to
> society and people's well being, and the activity itself is detrimental to
> only a very small minority of people who have psychological issues long
> before they started gambling with their own, or others, money.  Most
people
> treat it as an enjoyable night out, or an occasional flutter on a big
event.
>
> In terms of ethical investing, or on principle, gambling stocks are
actually
> good companies because :
>
> (1) Gambling contributes large amounts of state tax revenue, which is
spent
> on providing a number of public services that everyone enjoys.  In
Victoria,
> 15% of govt tax revenue comes from gambling.  Without this income, all of
us
> would be worse off, or paying higher taxes elsewhere.
>
> (2) A significant amount of money is donated to charities, who without the
> support of these companies, would not be able to do half the good they do
in
> the community.  Sky City in NZ for instance donates 2.5% of its profits to
> charity and community grants - which to date totals over $12 million.
> Jupiters Casino in Queensland has distributed over $46 million to local
> charities and organisations.
>
> (3) A large number of sports, community, and recreational clubs depend on
> gambling revenue for their existence, at all levels in the community.  As
an
> example, the AFL clubs Essendon, Hawthorn, and Geelong would not be
> financially viable without the contribution of gaming income.  The recent
> restrictions on gaming machines and the non-smoking legislation is now
> seeing many small local clubs facing closure as members fees alone cannot
> cover the cost of running the club or sports team.
>
> So for the small number of people who have problems with gambling, many
more
> millions of people benefit positively from the contributions these
companies
> make in the community.  In reality, they do more good than they do harm.
>
> Karyn
> Discl hold SKC, PBL, ALL
>
> _________________________________________________________________
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>
>
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