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Hi Woody, Allan & Karyn,
I didn't intend to stir up a hornet's nest in
expressing a view.
As always, I have a great deal of respect
for those like Woody who give back to the community.
I can remember studying (what was then known as)
'business principles' back in high school. It was accepted practice for
businesses (as a moral obligation) to return a percentage of profit
back to the community that supported them (and contributed to their
profits).
This was (and still is to some
degree) standard ethical practice for businesses (regardless of
industry).
Regards,
Cris
----- Original Message -----
Sent: Tuesday, March 16, 2004 7:53
PM
Subject: Re: [sharechat] Gambling stocks
are not all bad! Hogwash!!!!!!!!!!
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
>
>
_________________________________________________________________
>
What's your house worth? Click here to find out:
> http://www.ninemsn.realestate.com.au
>
>
>
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